BEDS12
BATHS6 full 2 partial
SQUARE FEET9,890
MLS#24178851
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
Property Description
Unique mixed-use opportunity in Middletown offering strong cash flow and flexible ownership potential. Property consists of a fully occupied 4-family, a fully occupied 2-family, and two 1,600 SF commercial garage/workshop spaces all situated on one lot with views of the Connecticut River and Arrigoni Bridge. One commercial space is leased, while the second vacant garage offers ideal owner-user potential for contractors, storage, workshop space, or additional rental income. Projected 8.2% cap at current occupancy, with stabilization potential of approximately 9.4-9.8% upon lease of the 2nd garage. Residential units feature a desirable mix of 1-, 2-, and 3-bedroom layouts with updates completed over time, including newer boilers and water heaters. Off-street parking, minutes to Route 9, downtown Middletown, and walking distance to Wesleyan University. Property conveyed as-is.
Property Features
Property Type: Multi Unit - Multiple
Basement: Full
Cooling: Window Unit
Garage: 2 car attached
Heating: Gas on Gas
Home Style: Units on different Floors, Units are Side-by-Side
Lot Size: 0.26 Acres
Roof Type: Asphalt Shingle, Metal
Taxes: $13,932
Year Built: 1900
Feature Descriptions
Days on Site: 6
Exterior: Wood
Lot: Water View
Parking Spaces: 10
Sewer: Public Sewer Connected
Units: 6
Water: Public Water Connected
Waterfront: Walk to Water
Local Schools
High School: Per Board of Ed
Elementary School: Per Board of Ed
Listed By / Shown By
Listing By
Agency Name: William Pitt Sotheby's International Realty
Agent Name: Sacha Armstrong
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 4,433.40 per month $2,893.24 Principal & Interest $1,161.00 Property Tax $379.17 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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Privacy Policy / DMCA Notice / ADA Accessibility
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. . Copyright 2021 SmartMLS, Inc.
Privacy Policy / DMCA Notice / ADA Accessibility
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13-15 Portland | MLS# 24178851
This multi-family property located at 13-15 Portland , Middletown, CT 06457 is currently listed for sale with an asking price of $1,300,000. Search Middletown real estate on www.coldwellbankerchoice.com today.