High Yield Multi Asset Investment Opportunity, CT Positioned in Middletown, this rare, income producing portfolio features two 2 family homes 4 total units, a 2, 898 sq ft workshop, and ...
| Website: | https://www.nestseekers.com/5392086 |
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| Address: | Portland Middletown, CT 06457 |
| Ownership: | Commercial |
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| Type: | Commercial |
| Bathrooms: | 1 |
| Area: | 5176 sq ft |
Financials
Price:$1,100,000
Annual Taxes:$8,719
Description
High-Yield Multi-Asset Investment Opportunity, CT | Positioned in Middletown, this rare, income-producing portfolio features two 2-family homes (4 total units), a 2,898 sq ft workshop, and two additional land parcels-delivering multiple revenue streams and value-add potential. Each residential building offers approximately 1,380 sq ft and has been capital-improved with new roofs, new windows, updated electrical, and modernized plumbing, significantly reducing near-term CapEx. All structures are connected to natural gas, enhancing operational efficiency and tenant appeal. * 4-unit rental configuration with strong, consistent income potential * Additional monetization opportunity via the heated workshop (ideal for contractor lease, storage income, or owner use) * Two separate vacant parcels (.08 & .02 acres) create development or resale upside (buyer to perform due diligence) * Ability to increase rents to market for improved NOI and long-term appreciation. Situated on a combined .25-acre footprint, this asset offers flexibility to scale returns-whether through rent optimization, auxiliary income from the workshop, or future development of excess land. Ideal for investors seeking: * Cash flow + appreciation potential * Multiple exit strategies (hold, expand, or subdivide/sell parcels) Income-generating opportunity with built-in upside in a strong rental market.
Amenities
- Elementary School -
- Gutters
- High School -
- Intermediate School -
- Lighting
- Outside Storage Area
- Sidewalk
- Storage Building
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Jamie Smigel of Carl Guild & Associates | |