Listing courtesy of Jamie Smigel jamiesmigel.ct@gmail.com, Carl Guild & Associates (860) 474-3500
Portland Street, Middletown, CT, 06457
0 beds
1 Full baths
1900
5,176 sqft
High-Yield Multi-Asset Investment Opportunity, CT | Positioned in Middletown, this rare, income-producing portfolio features two 2-family homes (4 total units), a 2,898 sq ft workshop, and two additional land parcels-delivering multiple revenue streams and value-add potential. Each residential building offers approximately 1,380 sq ft and has been capital-improved with new roofs, new windows, updated electrical, and modernized plumbing, significantly reducing near-term CapEx. All structures are connected to natural gas, enhancing operational efficiency and tenant appeal. * 4-unit rental configuration with strong, consistent income potential * Additional monetization opportunity via the heated workshop (ideal for contractor lease, storage income, or owner use) * Two separate vacant parcels (.08 & .02 acres) create development or resale upside (buyer to perform due diligence) * Ability to increase rents to market for improved NOI and long-term appreciation. Situated on a combined .25-acre footprint, this asset offers flexibility to scale returns-whether through rent optimization, auxiliary income from the workshop, or future development of excess land. Ideal for investors seeking: * Cash flow + appreciation potential * Multiple exit strategies (hold, expand, or subdivide/sell parcels) Income-generating opportunity with built-in upside in a strong rental market.
Status:
Active
Type:
Commercial
Units:
5
Zoning:
MXI
Frontage:
Paved Road
Heating:
Baseboard
Cooling:
None
Acreage:
0.25
Est. Taxes:
$8,719
Assessment
$224,140
Utilities
Electric,Gas
Lot Description:
Level Lot
Days on Market:
41
MLS #:
24164387
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School Info
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