530 Main Street
530 Main Street
$930,000
—
15,136
15,136
$61
Closed 2/28/24
Description
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...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.
- Listed by Lisa Cozzi • Berkshire Hathaway NE Prop.P: (860) 215-3634 C: (860) 215-3634 mulveylisa@gmail.com
Property Details for 530 Main Street
Basement Description
None
Direct WaterfrontNo
Garages Number0
NeighborhoodN/A
StyleOther
Garage Parking InfoPaved, On Street Parking, Off Street Parking
Swimming PoolNo
Location
LISTING UPDATED: 02/29/2024 10:05 PM
Property Details for 530 Main Street
Status | Closed |
---|---|
MLS # | 170555172 |
Days on Market | 276 |
Taxes | $23,062 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi-Family / Other |
Year Built | 1860 |
Lot Size | 0.09 AC / 3,920 SF |
County | Middlesex County |
Location
Building Information for 530 Main Street
Stories-Residences16Year Built1860Building Size-Lot Size0.09 AC / 3,920 SF
Payment Calculator
$6,997 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 530 Main Street
Property History for 530 Main Street
Date | Event & Source | Price | Appreciation |
---|
Date | Event & Source | Price |
---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 530 Main Street
Taxable ValueLand$161,000Additions$496,050Total$657,050
Tax Record2023$23,062 ($1,922 / month)
Home Facts
Total Finished SqFt11,033 SqFtAbove Grade Finished SqFt11,033 SqFtStories4Lot Size3,920 SqFtStyleOffice BuildingYear Built1860ZoningB-1CountyMIDDLESEXAPNMTWN M:22 L:0566
Schools near 530 Main Street
This home is within Middletown School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 7 to 8 | |||
Public - | 9 to 12 | |||
Public - | 3 to 5 |
Rating | School | Distance |
---|---|---|
Farm Hill School PublicK to 5 | ||
Beman Middle School Public7 to 8 | ||
Middletown High School Public9 to 12 | ||
Icm - Spencer Public3 to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
Similar Homes
Sorry, we can't find any similar homes at this time. Please check back later.
Similar Sold Homes
Sorry, we can't find any similar sold homes at this time. Please check back later.