$1,300,000

Est. Mortgage $6,319/mo *

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Listing courtesy of Sacha Armstrong (860) 538-7778, William Pitt Sotheby's International Realty (860) 682-9991

13 Portland Street, Middletown, CT, 06457

13 Portland Street, Middletown, CT, 06457
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12 beds

6 Full / 2 Half baths

1900

9,890 sqft

Exceptional mixed-use investment opportunity in Middletown, with views of CT River and landmark Arrigoni Bridge. Offering strong in-place cash flow with immediate upside potential. Features six fully occupied residential apartments (2-1bds, 2-2bds, 2-3bds) plus two 1,600 square foot commercial garage/workshop spaces, creating strong stability. One commercial garage is currently leased, while the second vacant garage presents a compelling opportunity for an owner-user or investor seeking additional income. If you're a contractor, workshop operator, have storage needs, or small business owner, the vacant commercial space (currently listed for rent) allows a buyer to occupy the space while offsetting ownership costs through the residential income stream. The residential apartments have been updated over time, have newer boilers/water heaters and offer a strong unit mix of one-, two-, and three-bedroom layouts with broad tenant appeal. Property features off-street parking, and excellent access to Route 9, downtown Middletown, shopping, restaurants, and commuter routes. * 8 total income-producing spaces * 6 fully leased residential apartments * 2 commercial garage/workshop units * One leased commercial space + one vacant 1,600 SF commercial unit * Owner-user opportunity (act soon before rented) * Minutes from Route 9 * Walk to downtown and Wesleyan - This is a rare, stable cash flow, turnkey opportunity!!!! Property to be conveyed in as-is condition.

Status:

Active

Type:

Commercial

Units:

6

Zoning:

MXI

Frontage:

Municipal Street

Heating:

Gas on Gas, Other

Cooling:

Window Unit

Acreage:

0.26

Est. Taxes:

$13,932

Assessment

$349,620

Current Use

apartments and workshop

Permitted Use

mixed use industry zone

Utilities

Electric,Gas

Lot Description:

Sloping Lot

Days on Market:

13

MLS #:

24174579

Community Info

School Info

Walk Score

Mass Transit

Yelp

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