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Listing 1 out of 297
$1,050,000 For Sale

22,40,44 Green Street
Middletown, CT 06457

13 units | Multi Family Home
0.59 acres - MLS# 170168865
Property Photo
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Description

This is a this turn key portfolio + possible development opportunity in rapidly expanding Downtown Middletown with 8.5+% CAP rate.. The property addresses are 22, 40 and 44 Green Street. The portfolio consists of: 5 Family + 4 Family + 4 Family = 13 Total Units. There is also one building lot included in this sale + a detached 4-car garage. Overall, the unit mix consists of (2) 1 bed units, (6) 2 bed units and (5) 3 bed units. The units have various kitchen and bath updates and the majority have hardwood floors throughout. Units are a good size, with EIK and pantry + closets throughout. All three buildings have separate and tenant paid utilities (gas heat and hot water) + separate and updated electric throughout. The furnaces, hot water tanks, roofs and rear porches are all in good condition. The properties have vinyl/replacement windows. There is a laundry room on site for all tenants - owner owned washer/dryers. There is ample off-street parking at each building. This is a GREAT opportunity! DO NOT WALK PROPERTY W/OUT L.A PRESENT. .. Near NEW Harbor Yard Development!

Features

  • Property Type: Multi Family Home
  • Sub Type: 5 Family+
  • Listing Status: Active
  • County/Area: Middlesex County
  • Zip Code: 06457
  • Year Built: 1928
  • Elementary School: Per Board Of Ed
  • High School: Per Board Of Ed
  • Sq.Ft.: 15,323 sq ft
  • Style: Units On Different Floors
  • Units: 13 units
  • Basement: Full, Unfinished
  • Garage: Detached Garage,Off Street Parking,Parking Lot, 4
  • Lot Size: 0.59 acres
  • Accessibility: Multiple Entries/Exits
  • Waterfront: Not Applicable
  • Zoning: B-1
  • Area: All Areas
  • Attic Description: Crawl Space
  • Attic YN: Yes
  • Construction Description: Frame, Brick, Masonry
  • Cooling System: Ceiling Fans, Window Unit
  • Directions: Main Street To Green Street - Properties Are At The End Of The Street On The Left.
  • Driveway Type: Paved
  • Energy Features: Storm Doors, Thermopane Windows
  • Exterior Features: Gutters, Lighting, Porch, Porch-Enclosed, Sidewalk
  • Exterior Siding: Vinyl Siding, Brick
  • Foundation Type: Brick, Masonry
  • Fuel Tank Location: Non Applicable
  • Gross Annual Expense: 50671
  • Gross Annual Income: 147900
  • Heat Fuel Type: Electric, Natural Gas
  • Heat Type: Baseboard
  • Hot Water Description: Electric, Natural Gas
  • Laundry Room Info: Coin Op Laundry, Common Laundry Area
  • Lot Description: Corner Lot, Level Lot
  • Mil Rate Base: 34.800
  • Mil Rate Tax District: 8.900
  • Mil Rate Total: 43.700
  • Nearby Amenities: Commuter Bus, Public Pool, Public Transportation, Shopping/Mall, Walk To Bus Lines
  • Net Operating Income: 90134
  • Roof Information: Asphalt Shingle, Flat
  • Sewage System: Public Sewer Connected
  • Sq Ft Est Heated Above Grade: 15323
  • Tax Year: July 2018-June 2019
  • Water Source: Public Water Connected
Courtesy of Berkshire Hathaway NE Prop.
agent photo
Glen I. Johnson
Cromwell, CT 06416
Phone: 860.635.0387
Email: gijohnsonrealty@aol.com

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