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Green St
Middletown, CT 06457
9% CAP | Great Portfolio Opportunity! · Multifamily Property For Sale
·
13 Units
PROPERTY FACTS
| No. Units | 13 | Building Size | 14,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1880 |
| Building Class | C | Parking Ratio | 1/1,000 SF |
| Lot Size | 0.10 AC | ||
| Zoning | B1 | ||
| No. Units | 13 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 14,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1880 |
| Parking Ratio | 1/1,000 SF |
| Zoning | B1 |
AMENITIES
UNIT AMENITIES
- Cable Ready
- Washer/Dryer
- Ceiling Fans
- Eat-in Kitchen
- Hardwood Floors
- Pantry
- Porch
SITE AMENITIES
- Laundry Facilities
ABOUT GREEN ST , MIDDLETOWN, CT 06457
This is a this turn key portfolio + possible development opportunity in rapidly expanding Downtown Middletown with 9+% CAP rate.. The property addresses are 22, 40 and 44 Green Street. The portfolio consists of: 5 Family + 4 Family + 4 Family = 13 Total Units. There is also one building lot included in this sale + a detached 4-car garage. Overall, the unit mix consists of (2) 1 bed units, (6) 2 bed units and (5) 3 bed units. The units have various kitchen and bath updates and the majority have hardwood floors throughout. Units are a good size, with EIK and pantry + closets throughout. All three buildings have separate and tenant paid utilities (gas heat and hot water) + separate and updated electric throughout. The furnaces, hot water tanks, roofs and rear porches are all in good condition. The properties have vinyl/replacement windows. There is a laundry room on site for all tenants - owner owned washer/dryers. There is ample off-street parking at each building. This is a GREAT opportunity! DO NOT WALK PROPERTY W/OUT L.A PRESENT. .. Near NEW Harbor Yard Development!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 6 | - | - |
| 3+1 | 5 | - | - |
PROPERTY TAXES
| Parcel Number | MTWN-000022-000000-000213 | Improvements Assessment | $155,560 |
| Land Assessment | $80,500 | Total Assessment | $236,060 |
PROPERTY TAXES
