Address
530 Main Street, Middletown, CT
Price
$ 1,075,000
Property Attributes
  • ID#170555172
  • TypePending
  • CountyMIDDLESEX
  • CityMiddletown
  • Zip06457
  • Style
  • Price$ 1,075,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage15136
  • Lot Size3,920 SqFt
Data Source:
Smart MLS
Property Description

Opportunity for the savvy investor looking to capitalize on adding value by creating a Lifestyle Asset in the heart of Middletown. The asset is in close proximity to Wesleyan University and next to the popular restaurants: Ion, Brewbaker’s, Luce and Its Only Natural Boutique Grocery Store. This 4 floor asset is 16 units, with 4 storefronts and 12, 1 bedroom apartments. The retail tenants are: a Grocery Store, Boost Mobile, a Barber and one vacant store front. Features of the asset include: 70% new windows, hard wire smoke detectors and sprinkler system. The tenants pay electric. A capital infusion through enhancing the common areas and remodeling the units will make this asset a lifestyle community. Closed comps of $122k-$135k/unit can be attained for modern units in Middletown.

Elementary School High School
Per Board Of Ed Elementary School Per Board Of Ed High School
Price History
3/10/2023 Listed $1,500,000
5/23/2023 14% - $1,300,000
6/30/2023 8% - $1,200,000
8/1/2023 11% - $1,075,000

General Features

Zoning B-1
Year Built 1860
Neighborhood N/A
Style Other
Heater Type Hot Air
County Middlesex
Property SubType Other
Net Operating Income 108715
Property Type Multi-Family For Sale
Status Under Contract
Acres 0.09
Directions Per GPS
High School Per Board of Ed
City Middletown
Street Name Main
Elementary School Per Board of Ed
Sq Ft Total 15136
DOM 187
Video Tour Y/N Yes
Year Built Source Public Records

Interior Features

Cooling System None
Basement Description None
Hot Water Electric,Natural Gas
Total Number of Units 16

Exterior Features

Water Source Public Water Connected
Garage Parking Paved,On Street Parking,Off Street Parking
Lot Description Level Lot
WaterfrontDescription River,Walk to Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 06457

Price
AVG $330K
$1.08M
Visits
AVG 69
302
Data Provided by Inside Real Estate®
Year Built
AVG 1963
1860
Walkscore
AVG 38
94
Data Provided by Walkscore® not using MLS data

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