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$1,100,000
Est. payment /mo
1 Bath
5,176 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,176 sqft
Price per Sqft $212
MLS Listing ID 24164387
Full Baths 1
Year Built 1900
Annual Tax Amount $8,719
Lot Size 10,890 Sqft
Property Description
High-Yield Multi-Asset Investment Opportunity, CT | Positioned in Middletown, this rare, income-producing portfolio features two 2-family homes (4 total units), a 2,898 sq ft workshop, and two additional land parcels-delivering multiple revenue streams and value-add potential. Each residential building offers approximately 1,380 sq ft and has been capital-improved with new roofs, new windows, updated electrical, and modernized plumbing, significantly reducing near-term CapEx. All structures are connected to natural gas, enhancing operational efficiency and tenant appeal. * 4-unit rental configuration with strong, consistent income potential * Additional monetization opportunity via the heated workshop (ideal for contractor lease, storage income, or owner use) * Two separate vacant parcels (.08 & .02 acres) create development or resale upside (buyer to perform due diligence) * Ability to increase rents to market for improved NOI and long-term appreciation. Situated on a combined .25-acre footprint, this asset offers flexibility to scale returns-whether through rent optimization, auxiliary income from the workshop, or future development of excess land. Ideal for investors seeking: * Cash flow + appreciation potential * Multiple exit strategies (hold, expand, or subdivide/sell parcels) Income-generating opportunity with built-in upside in a strong rental market.
Location
State CT
County Middlesex
Zoning MXI
Interior
Heating Baseboard
Cooling None
Flooring Concrete, Vinyl, Wood
Exterior
Exterior Feature Storage Building, Sidewalk, Gutters, Lighting, Outside Storage Area
Utilities Available Electric, Gas
Roof Type Asphalt Shingle,Metal
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water In Street
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Listed by Jamie Smigel • Carl Guild & Associates
Nearby Locations
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