530 Main Street, Middletown, CT 06457
530 Main Street, Middletown, CT 06457
530 Main Street, Middletown, CT 06457
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Dawn Cabral

Dawn Cabral

+1(203) 228-7564
$1,500,000
Est. payment /mo
1 Bed
1 Bath
11,033 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 11,033 sqft

Price per Sqft $135

MLS Listing ID 24166400

Style Other

Bedrooms 1

Full Baths 1

Year Built 1860

Annual Tax Amount $25,559

Lot Size 3,920 Sqft

Property Sub-Type 5 Family+

Property Description

Prime Mixed-Use Investment Opportunity - Downtown Middletown, CT. This asset currently produces 9.7 cap annually, features a total of 16 units, including 4 retail storefronts and 12 on1-bedroom residential apartments. The retail spaces are currently occupied by established neighborhood businesses, including a grocery store, Boost Mobile, a barber shop, and a convenience store-providing steady foot traffic and consistent rental income.The residential component consists of twelve 1-bedroom units, offering strong demand in this vibrant downtown location. The asset include: mostly of windows recently replaced, hardwired smoke detectors throughout, fire sprinkler system installed, tenants cover their own electric utilities. Well-maintained asset with value-add potential. Street parking is readily available, and tenants can get a residential permit for approximately $55/month for access to designated parking lots nearby. The asset is well located in downtown Middletown, the property benefits from high visibility, walkability, and proximity to restaurants, shopping and public transportation.

Location

State CT

County Middlesex

Zoning B-1

Rooms

Basement Full

Interior

Heating Hot Water

Cooling None

Exterior

Waterfront Description Not Applicable

Roof Type Other

Building

Lot Description Level Lot

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Macdonough

High Schools Middletown

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Listed by Geni Silva • Ethos Rlty, LLC

 

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Dawn Cabral

Dawn Cabral

Owner/Broker

+1(203) 228-7564

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530 Main Street