Listing courtesy of Geni Silva (914) 629-1612, Ethos Rlty, LLC (914) 830-3708
530 Main Street, Middletown, CT, 06457
4 rooms
1 beds
1 Full baths
1860
Other
11,033 sqft
Prime Mixed-Use Investment Opportunity - Downtown Middletown, CT. This asset currently produces 9.7 cap annually, features a total of 16 units, including 4 retail storefronts and 12 on1-bedroom residential apartments. The retail spaces are currently occupied by established neighborhood businesses, including a grocery store, Boost Mobile, a barber shop, and a convenience store-providing steady foot traffic and consistent rental income.The residential component consists of twelve 1-bedroom units, offering strong demand in this vibrant downtown location. The asset include: mostly of windows recently replaced, hardwired smoke detectors throughout, fire sprinkler system installed, tenants cover their own electric utilities. Well-maintained asset with value-add potential. Street parking is readily available, and tenants can get a residential permit for approximately $55/month for access to designated parking lots nearby. The asset is well located in downtown Middletown, the property benefits from high visibility, walkability, and proximity to restaurants, shopping and public transportation.
Status:
Under Contract
Type:
Multi-family
Units:
16
Zoning:
B-1
Heating:
Hot Water
Cooling:
None
Basement:
Full
Acreage:
0.09
Est. Taxes:
$25,559
Assessment
$657,050
Lot Description:
Level Lot
Elementary School:
Macdonough
High School:
Middletown
Days on Market:
17
MLS #:
24166400
Community Info
School Info
Walk Score
Mass Transit
Yelp
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