38 Boston Rd | Middletown, CT 06457
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38 Boston Rd
Middletown, CT 06457
89 Unit Senior Independent Living Community · Multifamily Property For Sale
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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
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