22 Green StreetMiddletown, CT 06457MLS Number 170168865

  • Price: $1,050,000
  • Est. Mortgage of $/month
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$
%
$/month over payments
Federal 30-year interest rate: 3.82% last updated on Jun 13, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.59Acreage
  • 1928Year Built
  • 15,323Square Feet

This is a this turn key portfolio + possible development opportunity in rapidly expanding Downtown Middletown with 8.5+% 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!

Listed by Amanda R Faroni of Berkshire Hathaway NE Prop.

Driving Directions

Vernon Office
Vernon Office
Office: 860-871-2775
646 Hartford Turnpike
Vernon, CT 06066

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More Info

Basic Information

  • StatusACT
  • List Price$1,050,000
  • Square Feet15,323
  • HoaNo
  • Lease purchaseNo
  • Units13
  • Net operating income90134
  • Property subtype5 Family+
  • Property TypeMulti-Family For Sale
  • Acreage0.59
  • MLS Number170168865

Interior

  • Handicap FeaturesMultiple Entries/Exits
  • RoofAsphalt Shingle, Flat

Exterior

  • Exterior featuresGutters, Lighting, Porch, Porch-Enclosed, Sidewalk
  • Exterior sidingVinyl Siding, Brick

Amenities

  • AmenitiesCommuter Bus, Public Pool, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Association amenitiesNone

Tax Information

  • Milrate base34
  • Milrate tax district8
  • Milrate total43.7
  • Taxes$18,981
  • Tax YearJuly 2018-June 2019
  • Assessed value$188,030

Building

  • Year Built1928
  • Property StyleUnits on different Floors
  • Energy FeaturesStorm Doors, Thermopane Windows
  • FoundationBrick, Masonry
  • Garage Parking InfoDetached Garage, Off Street Parking, Parking Lot
  • New construction typeNo
  • AtticYes
  • Attic descriptionCrawl Space
  • BasementFull, Unfinished

Utilities

  • Water sourcePublic Water Connected
  • Cooling SystemCeiling Fans, Window Unit
  • Hot water descriptionElectric, Natural Gas
  • Heating FuelElectric, Natural Gas
  • Fuel tank locationNon Applicable
  • Heat SystemBaseboard
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolPer Board of Ed

Rooms

  • Laundry room infoCoin Op Laundry, Common Laundry Area

Location

  • StateCT
  • Zip06457
  • CountyMiddlesex

Property

  • Lot DescriptionCorner Lot, Level Lot
  • Driveway TypePaved
  • Garage4
  • Parking spaces per 1000sqft
  • Parking spaces uncovered
  • Parking Spaces
  • Parking spaces covered
  • FloodzoneNo
  • SwimmingpoolNo
  • Building ConstructionFrame, Brick, Masonry

Water Body

  • Waterfront DescriptionNot Applicable
  • WaterfrontNo

Auction

  • Bank owned propertyNo

Other

  • Radon mitigation airNo
  • Radon mitigation waterNo
  • Space is leasedNo
  • View Count135

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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