38 Boston Rd | Middletown, CT 06457
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This Multifamily Property is no longer advertised on LoopNet.com.
38 Boston Rd
Middletown, CT 06457
89 Unit Senior Independent Living Community · Multifamily Property For Sale
·
89 Units

INVESTMENT HIGHLIGHTS
- Senior Independent Living Community serving Growing Demographic.
- Additional Services include 24 Hour Security, Elegant Dining Room, Weekly Housekeeping & Bed Linen Services, Tranportation and more.
- Multiple Revenue Sources with substantial opportunity for Growth.
- Spacious private Apartments with full kitchens - Five (5) Floor Plans with high end features.and finishes.
- Multiple Community Rooms include meeting rooms, library, fitness center, piano lounge, TV lounge, general store, beauty parlor & indoor/outdoor patio.
- Offered free & clear of current financing at 7% Capitalization Rate
PROPERTY FACTS
| No. Units | 89 | Lot Size | 3.05 AC |
| Property Type | Multifamily | Building Size | 92,501 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Mid-Rise | No. Stories | 4 |
| Building Class | B | Year Built | 1988 |
| Zoning | MX - Commercial | ||
| No. Units | 89 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 3.05 AC |
| Building Size | 92,501 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1988 |
| Zoning | MX - Commercial |
AMENITIES
SITE AMENITIES
- Fitness Center
- Laundry Facilities
- Property Manager on Site
- Security System
- Planned Social Activities
- Meal Service
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 10 | - | 509 |
| 1+1 | 60 | - | 627 - 676 |
| 2+1 | 19 | - | 900 |
PROPERTY TAXES
| Parcel Number | MTWN-000014-000000-000102 | Improvements Assessment | $3,531,770 |
| Land Assessment | $1,869,000 | Total Assessment | $5,400,770 |
PROPERTY TAXES
Parcel Number
MTWN-000014-000000-000102
Land Assessment
$1,869,000
Improvements Assessment
$3,531,770
Total Assessment
$5,400,770
Listing ID: 25616925
Date on Market: 5/3/2022
Last Updated:
Address: 38 Boston Rd, Middletown, CT 06457
The Downtown Middletown Multifamily Property at 38 Boston Rd, Middletown, CT 06457 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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