71 East Main Street Open House Save Request In-Person Tour Request Virtual Tour
Middletown,CT 06457
OPEN HOUSE
Sat Nov 01, 10:00am - 11:00am
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,110 sqft
Price per Sqft $73
MLS Listing ID 24118536
Style Units on different Floors,Units are Side-by-Side
Bedrooms 6
Full Baths 3
Year Built 1900
Annual Tax Amount $7,607
Lot Size 6,534 Sqft
Property Sub-Type 4 Family
Property Description
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
State CT
County Middlesex
Zoning MXI
Interior
Heating Hot Water
Cooling None
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot,Sloping Lot
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed