$2,249,500

Est. Mortgage $10,935/mo *

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Listing courtesy of John Hill (203) 675-3942, Seabury Hill REALTORS (203) 562-1220

668 Main Street, Middletown, CT, 06457

668 Main Street, Middletown, CT, 06457
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15 beds

21 Full baths

1850

11,232 sqft

Investors dream - fully leased with value add potential! 18-unit corner brick building located on Main Street in the heart of Downtown Middletown, steps from gourmet restaurants and boutiques. Originally built in 1850, this 11,232 SQ FT building consists of 17 residential units and one ground level retail space. The retail space is leased to a mobile carrier/retailer through 2028 with annual rent escalation, allowing the new owner to focus on executing on the business plan for the 17 residential units. The building features four rare 2 beds, 2 bath units, seven 1-bedroom units, and six studio apartments. The building is currently fully leased, giving the new Owner an opportunity to capture the incredible rent upside over time while collecting rent income. The building has all separate gas boilers, huge unfinished basement and shared electricity. The units feature great layouts with nice natural light, high ceilings and large bedrooms with good closet space. The current owner has recently replaced some of the units windows, appliances and carpeting. Easy access to route 9 and a short drive/walk to Wesleyan University. This corner brick building is located near the beautiful, historic town center with over 7 walkable blocks of different restaurants and shops, featuring dozens of choices of dining, art, music, entertainment and unique finds. Neighborhood attractions include: Perkatory Coffee Roasters; Eli Cannons Tap Room; The Whey Station; Luce. Become part of this exciting tow

Status:

Active

Type:

Commercial

Units:

18

Zoning:

B-1

Frontage:

Municipal Street,Paved Road

Heating:

Hot Water

Cooling:

None

Acreage:

0.09

Est. Taxes:

$26,517

Assessment

$681,680

Current Use

Residential apts and 1 retail

Utilities

Electric,Gas

Lot Description:

Corner Lot

Days on Market:

15

MLS #:

24165225

Community Info

School Info

Walk Score

Mass Transit

Yelp

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