668 Main Street
668 Main Street
$2,395,000
—
5
11,232
11,232
$213
Description
Investors dream - fully leased with value add potential! 18-unit corner brick building located on Main Street in the heart of Downtown Middletown, steps from gourmet restaurants and boutiques. Originally built in 1850, this 11,232 SQ FT building consists of 17 residential units and one ground level retail space. The retail space is leased to a mobile carrier/retailer through 2028 with annual rent escalation, allowing the new owner to focus on executing on the business plan for the 17 residential...Investors dream - fully leased with value add potential! 18-unit corner brick building located on Main Street in the heart of Downtown Middletown, steps from gourmet restaurants and boutiques. Originally built in 1850, this 11,232 SQ FT building consists of 17 residential units and one ground level retail space. The retail space is leased to a mobile carrier/retailer through 2028 with annual rent escalation, allowing the new owner to focus on executing on the business plan for the 17 residential units. The building features four rare 2 beds, 2 bath units, seven 1-bedroom units, and six studio apartments. The building is currently fully leased, giving the new Owner an opportunity to capture the incredible rent upside over time while collecting rent income. The building has all separate gas boilers, huge unfinished basement and shared electricity. The units feature great layouts with nice natural light, high ceilings and large bedrooms with good closet space. The current owner has recently replaced some of the units windows, appliances and carpeting. Easy access to route 9 and a short drive/walk to Wesleyan University. This corner brick building is located near the beautiful, historic town center with over 7 walkable blocks of different restaurants and shops, featuring dozens of choices of dining, art, music, entertainment and unique finds. Neighborhood attractions include: Perkatory Coffee Roasters; Eli Cannons Tap Room; The Whey Station; Luce. Become part of this exciting tow
- Listed by John Hill • Seabury Hill REALTORSP: (203) 562-1220 C: (203) 675-3942 jack@seaburyhill.com
Property Details for 668 Main Street
Location
Downtown
NeighborhoodN/A
Location
LISTING UPDATED: 04/17/2024 02:31 PM
Property Details for 668 Main Street
Status | Active |
---|---|
MLS # | 24003344 |
Days on Market | 46 |
Taxes | $23,927 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | - |
MLS Type | - |
Year Built | 1850 |
Lot Size | 0.09 AC / 3,920 SF |
County | Middlesex County |
Location
Building Information for 668 Main Street
Stories-Residences18Year Built1850Lot Size0.09 AC / 3,920 SF
Payment Calculator
$15,064 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 668 Main Street
Property History for 668 Main Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 668 Main Street
Taxable ValueLand$161,000Additions$520,680Total$681,680
Tax Record2023$23,927 ($1,994 / month)
Home Facts
Total Finished SqFt11,232 SqFtAbove Grade Finished SqFt11,232 SqFtStories3Lot Size3,920 SqFtStyleOffice BuildingYear Built1850ZoningB-1CountyMIDDLESEXAPNMTWN M:22 L:0227
Schools near 668 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.
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