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- LoopNet Team
399 Dekoven Dr
Middletown, CT 06457
Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Walking Distance to Downtown
- Value Add Opportunity
- Separate & Tenant Paid Utilities
- Large Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 8,320 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1889 |
| Building Class | C | Parking Ratio | 1.44/1,000 SF |
| Lot Size | 0.29 AC | ||
| Zoning | B-1 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,320 SF |
| No. Stories | 3 |
| Year Built | 1889 |
| Parking Ratio | 1.44/1,000 SF |
| Zoning | B-1 |
ABOUT 399 DEKOVEN DR , MIDDLETOWN, CT 06457
Rare, large 6-unit property walking distance to downtown Middletown! Over $70,000 in improvements has been completed and value to still be created with this property. 5 of the 6 units are currently occupied. 1 unit needs repairs ($7-10k). The property features four, 3-bedroom and two, 2-bedroom units with ample off-street parking and tenant paid utilities! Updates include 3 new high-efficiency tankless boilers installed in 2019, unit upgrades including kitchen and bathroom renovations in multiple units. See attachment for the full update list. Value add potential with rent increases and cosmetic upgrades. This property will be a great long-term income producer for the next owner!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+1 | 4 | - | 1,200 |
| 2+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | MTWN-000022-000000-000233 | Improvements Assessment | $435,100 |
| Land Assessment | $95,800 | Total Assessment | $530,900 |
PROPERTY TAXES
