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$ 1,300,000
Est. payment | /mo
8 Baths
9,890 SqFt
$ 1,300,000
Est. payment | /mo
8 Baths
9,890 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 9,890 sqft
Price per Sqft $131
MLS Listing ID 24174579
Full Baths 6
Half Baths 2
Year Built 1900
Annual Tax Amount $13,932
Lot Size 0.260 Acres
Property Description
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.
Location
State CT
County Middlesex
Zoning MXI
Interior
Heating Gas on Gas, Other
Cooling Window Unit
Flooring Vinyl, Wood
Exterior
Utilities Available Electric, Gas
Roof Type Asphalt Shingle,Metal
Building
Lot Description Sloping Lot
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Sacha Armstrong • William Pitt Sotheby's International Realty
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