530 Main St, Middletown, CT 06457
- Bed
- 1
- Bath
- 1
- Sqft
- 11,033
View property features, location on map, relevant school information and overview from seller's agent.
- 0
- 0
Overview
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
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 1
- Number of bathrooms
- 1
- Square feet
- 11,033
- Lot size (acres)
- 0.09
- Year built
- 1860
Interior features
- Basement
- Yes
Utilities
- Heating
- Hot Water
- Sewer
- Public Sewer
- Water
- Public Water
Public schools
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®#: 24166400 Last checked: …

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