61 Main East Street,Middletown, CT 06457
Middletown, CT 06457
Description
Two-building mixed-use investment opportunity in Middletown. The offering includes 61 East Main Street with four apartments and two storefronts, plus a separate three-apartment building at 2-6 Flower Street, offering a more private off Main street setting. Six apartments are occupied, while the seventh is being updated with a new kitchen and bathroom. Upon completion and lease-up at the projected rent, the property is expected to offer an approximately 9% cap rate, that's before any income from the two vacant storefronts. Zoned MXI, the storefronts have previously operated as a clothing store, salon and convenience store in past years, offering flexible possibilities subject to zoning guidelines. Additional features include private off-street parking space, wood flooring, same ownership since 2014, units updated/repaired over ownership for housing voucher compliance/inspections, separate utilities, a yard area and visible East Main Street frontage. With a Walk Score of 74, the property is close to Downtown Middletown, restaurants, shops, services, Wesleyan University, the riverfront, public transportation and Route 9. Two buildings, one investment and multiple opportunities to increase income!!! Interior pics will be added prior to active date.
Details
| MLS # | 24206879 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1910 |
| Days On Site | 24 |
| Listing Provided By | William Pitt Sotheby's International Realty | Sacha Armstrong |
Features
| Bed(s) | 21 |
|---|---|
| Bath(s) | 9 Total |
| SQ Feet | 10,629 |
| Basement | Y |
| Units | 9 |
| Zoning | MXI |
| Acreage | 0.14 |
Interior
| Total Rooms | 46 |
|---|---|
| Cooling System | None |
| Fireplaces Total | 0 |
Exterior
| Roof Information | Flat |
|---|---|
| Foundation Type | Concrete |
Parking
| Garage & Parking | On Street Parking, Driveway |
|---|---|
| Garages Number | 0 |
| Parking Total Spaces | 8 |
Utilities
| Sewage System | Public Sewer Connected |
|---|
Taxes
| Tax Year | July 2026-June 2027 |
|---|---|
| Property Tax | 16659 |
Area Information
| State | CT |
|---|---|
| County | Middlesex |
| City | Middletown |
| Zip Code | 06457 |
| Area | N | A |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | Middletown |
| Listing VS Median (in 06457) | |
Price: $1,395,000 low | high Med: $219,900 sqft: 10,629 low | high Med: 1,360 $ / sqft: $131 low | high Med: $162 On site: 24 low | high Med: 36 | |
Market Activity 06457
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Learn More About This Property
| State | CT |
|---|---|
| County | Middlesex |
| City | Middletown |
| Zip Code | 06457 |
| Area | N | A |
| School District | Per Board of Ed |
| Elementary School | Per Board of Ed |
| High School | Middletown |
| Listing VS Median (in 06457) | |
Price: $1,395,000 low | high Med: $219,900 sqft: 10,629 low | high Med: 1,360 $ / sqft: $131 low | high Med: $162 On site: 24 low | high Med: 36 | |
