REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Stephen Simard

stephen@homesoldct.com +1(860) 919-0991

$1,300,000

Est. payment - /mo

8 Baths

9,890 SqFt

Save

UPDATED:

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 $14,612

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

Read Less Info

Listed by Sacha Armstrong • William Pitt Sotheby's International Realty

Nearby School & Business

Get More Information

Stephen Simard

+1(860) 919-0991

Agent License ID: Res.0788068

13 Portland Street Middletown, CT 06457

Stephen Simard

Key Details

Location

Interior

Exterior

Building

Nearby School & Business

Get More Information