Description
Amazing location for this 5 unit mixed-use property on Main Street in Middletown. Walk to restaurants, shops, stores and more in the growing center of town! 15 minute walk to Wesleyan University and less than a mile to Middlesex Hospital. Four beautiful and updated one-bedroom units offerstainless steel appliances, fresh paint, upgraded bathrooms,floors, and tenant paid utilities. Newer roof that is frequently maintained with no issues. The well known restaurant Whey Station(ary) is a long-term stable tenant, ceilings in the restaurant have just been updated. Amazing investment opportunity at a7.7% CAP with room to increase rents in this desirable location.
-
4BEDS
-
0.33ACRES
-
4BATHS
-
01/2 BATHS
-
4,275SQFT
-
$140$/SQFT
Description
Amazing location for this 5 unit mixed-use property on Main Street in Middletown. Walk to restaurants, shops, stores and more in the growing center of town! 15 minute walk to Wesleyan University and less than a mile to Middlesex Hospital. Four beautiful and updated one-bedroom units offerstainless steel appliances, fresh paint, upgraded bathrooms,floors, and tenant paid utilities. Newer roof that is frequently maintained with no issues. The well known restaurant Whey Station(ary) is a long-term stable tenant, ceilings in the restaurant have just been updated. Amazing investment opportunity at a7.7% CAP with room to increase rents in this desirable location.
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2023 SmartMLS, Inc. Data last updated: 2023-03-30T19:10:11.573.