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71 E Main Street, Middletown, CT 06457

Beds
6
Baths
3
Sqft
3,110

View property features, location on map, relevant school information and overview from seller's agent.

Listed byVC Property Group, LLC
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Overview

ADD VALUE ALERT! This mixed use asset is offered at $299,000 with an estimated renovation budget of $120,000. Once renovations have been completed, all four units will generate $7,000 in monthly income supporting an after repair value of at least $480,000. The building sits on a corner lot within very close proximity to downtown Middletown. A vacant commercial space on the ground level provides a potential owner operator with tremendous opportunity to add value to their existing business or start anew. The commercial space was once operated as a bar and restaurant combo consisting of a bar area, main dining room, kitchen, and a half bathroom. Three residential units fill the upper two floors including a one bedroom, two bedroom, and three bedroom apartment. The units will be conveyed vacant allowing a buyer to start renovations immediately.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
6
Number of bathrooms
3
Square feet
3,110
Lot size (acres)
0.15
Year built
1900

Utilities

Heating
Natural gas, Hot water
Cooling
None
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount
$7,607

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®#: 24118536 Last checked:

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.