13-15 Portland St, Middletown, CT 06457

Beds
12
Baths
8
Sqft
9,890
Garage
Yes

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Listed byWilliam Pitt Sotheby's Internatiomal Realty
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Overview

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.

Location

Full feature list

Basic info

Property type
Other residential
Number of bedrooms
12
Number of bathrooms
8
Square feet
9,890
Lot size (acres)
0.26
Year built
1900

Interior features

Basement
Yes

Garage and parking

Garage parking spaces
2

Utilities

Sewer
Public Sewer
Water
Public Water

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Smart MLS MLS®#: 24178851 Last checked:

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