SoldFeb 28, 2024

Listed by Lisa Cozzi from Berkshire Hathaway NE Prop.

Bought with Michael Eshetu

Source: SmartMLS Connecticut #170555172

530 Main St, Middletown, CT, 06457

$930,000

15136 sq. ft.
0.09 ac.

Other

30+ days on the market

Sold: Feb 28, 2024

What's around 530 Main St

About this property

Opportunity for the savvy investor looking to capitalize on adding value by creating a Lifestyle Asset in the heart of Middletown. The asset is in close proximity to Wesleyan University and next to the popular restaurants: Ion, Brewbaker?s, Luce and Its Only Natural Boutique Grocery Store. This 4 floor asset is 16 units, with 4 storefronts and 12, 1 bedroom apartments. The retail tenants are: a Grocery Store, Boost Mobile, a Barber and one vacant store front. Features of the asset include: 70% new windows, hard wire smoke detectors and sprinkler system. The tenants pay electric. A capital infusion through enhancing the common areas and remodeling the units will make this asset a lifestyle community. Closed comps of $122k-$135k/unit can be attained for modern units in Middletown.

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