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13 Portland Street

Middletown, CT 06457

$1,300,000 PRICE
6/2 Baths
9,890 Sqft
0.26 Acres
1900 Built
$131 Price/Sqft

Exceptional mixed-use investment opportunity in Middletown, with views of CT River and landmark Arrigoni Bridge. Offering strong in-place cash flow with immediate upside potential. Features six fully occupied residential apartments (2-1bds, 2-2bds, 2-3bds) plus two 1, 600 square foot commercial garage/workshop spaces, creating strong stability. One commercial garage is currently leased, while the second vacant garage presents a compelling opportunity for an owner-user or investor seeking additional income. If you're a contractor, workshop operator, have storage needs, or small business owner, the vacant commercial space (currently listed for rent) allows a buyer to occupy the space while offsetting ownership costs through the residential income stream. The residential apartments have been updated over time, have newer boilers/water heaters and offer a strong unit mix of one-, two-, and three-bedroom layouts with broad tenant appeal. Property features off-street parking, and excellent access to Route 9, downtown Middletown, shopping, restaurants, and commuter routes. * 8 total income-producing spaces * 6 fully leased residential apartments * 2 commercial garage/workshop units * One leased commercial space + one vacant 1, 600 SF commercial unit * Owner-user opportunity (act soon before rented) * Minutes from Route 9 * Walk to downtown and Wesleyan - This is a rare, stable cash flow, turnkey opportunity!!!! Property to be conveyed in as-is condition.

Listed by

Sacha Armstrong-Crockett
Realtor
M
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Additional Information

ADDITIONAL INFORMATION

ACRES: 0.26
AREA TYPE: Highway Access, Downtown
GROSS EXPENSES: 35590
GROSS INCOME: 142440
IS OCCUPIED?: Tenant
LIVING AREA SQFT: 9,890
PRESENT USE: apartments and workshop
PROPERTY TAX: $13,932
ROAD FRONTAGE DESCRIPTION: Municipal Street
SEWER: Public Sewer Connected
TAX AMOUNT: $13,932
UNIT COUNT: 6
UTILITIES AVAILABLE: Electric, Gas
YEAR BUILT: 1900
ZONING: MXI

INTERIOR FEATURES

AIR CONDITIONING: Window Unit
COOLING: Window Unit
FLOORING: Vinyl, Wood
FULL BATHS: 6
HALF BATHS: 2
HEAT: Gas on Gas, Other
LIVING SQFT SOURCE: Public Records
TOTAL BATHS: 8

EXTERIOR FEATURES

ROOF: Asphalt Shingle, Metal

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Sacha Armstrong-Crockett
Realtor
M

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Request More Info for 13 Portland Street, Middletown, CT

Sacha Armstrong-Crockett
Realtor
M

View My Profile

Schedule a Showing Best Day/Time

Yes, I would like more information from Sotheby's International Realty. Please use and/or share my information with a Sotheby's International Realty agent to contact me about my real estate needs.