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CT
Middlesex
Middletown
06457
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CT
Middlesex
Middletown
06457

530 Main Street

Middletown, CT, 06457
CONTRACT
$1,500,000Price
1Baths
15136Sq Ft
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530 Main Street, Middletown, CT, 06457
530 Main Street, Middletown, CT, 06457
530 Main Street, Middletown, CT, 06457
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530 Main Street

Middletown, CT, 06457
CONTRACT
$1,500,000Price
1Baths
15136Sq Ft
Unsave
Save
530 Main Street, Middletown, CT, 06457
530 Main Street, Middletown, CT, 06457
530 Main Street, Middletown, CT, 06457
530 Main Street, Middletown, CT, 06457
530 Main Street, Middletown, CT, 06457
530 Main Street, Middletown, CT, 06457
Listing Agent: Geni Silva
Listing Office: Ethos Rlty, LLC
Attribution contact:

(914) 629-1612

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.

Information

Price: $1,500,000
Days On Market: 20
Year Build: 1860
Square Footage: 15,136 Sq ft
Total Baths: 1
Full Baths: 1
MLS ID: 24161724
Status: Under Contract

Details

Address: 530 Main Street
County: Middlesex
City: Middletown
Zip: 06457
State: Connecticut

Taxes

Property Taxes: $25,559
Tax Amount: $25,559

Location

Listed By

Listing Agent

Geni Silva

christinany10@hotmail.com
(914) 629-1612
Ethos Rlty, LLC
Co-Listing Agent

Michael Eshetu

Ethos Rlty, LLC

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