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530 Main Street, Middletown, CT 06457
$930,000
530 Main Street, Middletown, CT 06457View this property at 530 Main Street, Middletown, CT 06457
530 Main StreetMiddletownCT06457
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Property Description
Opportunity for the savvy investor looking to capitalize on adding value by creating a Lifestyle Asset in the heart of Middletown. The asset is in close proximity to Wesleyan University and next to the popular restaurants: Ion, Brewbaker's, Luce and Its Only Natural Boutique Grocery Store. This 4 floor asset is 16 units, with 4 storefronts and 12, 1 bedroom apartments. The retail tenants are: a Grocery Store, Boost Mobile, a Barber and one vacant store front. Features of the asset include: 70% new windows, hard wire smoke detectors and sprinkler system. The tenants pay electric. A capital infusion through enhancing the common areas and remodeling the units will make this asset a lifestyle community. Closed comps of $122k-$135k/unit can be attained for modern units in Middletown.
Full Property Details
Full Property Details for 530 Main St
General
- Sold For: $930,000
- Taxes: (July 2023-June 2024)
- Status: Closed
- Type: Multi-Family
- MLS ID: 170555172
- Added to Site: 437 day(s) ago
Parking
- Parking: Paved, On Street Parking, Off Street Parking
Location
- County: Middlesex
- Driving Directions: Per GPS
School Information
- Elementary School: Per Board of Ed
- High School: Per Board of Ed
Heating & Cooling
- Cooling Type: None
- Heating Type: Hot Air, Electric, Natural Gas
- Heating Fuel: Electric, Natural Gas
- Water Heater: Electric, Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Architectural Style: Other
- Construction Status: No/Resale
- Exterior Const.: Vinyl Siding
- Basement Desc.: None
- Roof: Other
- Square Feet: 15,136
- Above Ground: 15,136 Sq. Ft.
- Year Built: 1860
Lot Features
- Lot Size (Acres): 0.09
- Zoning: B-1
- Lot Description: Level Lot
Water Features
- Water Front Desc.: River, Walk to Water
Financial Considerations
- Assessment Amount: $657,050
- Tax Year: July 2023-June 2024
Disclosures and Reports
- Property ID: 1011864
Listed by Berkshire Hathaway NE Prop., Lisa Cozzi Team, Lisa Cozzi
Sold by Ethos Rlty, LLC, Michael Eshetu
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Schools
Schools serving 530 Main St
School District:Middletown Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
390 Ridge Rd, Middletown, CT 06457 | K-5 | 1.8 mi | |
Keigwin Middle School
99 Spruce St, Middletown, CT 06457 | 5-6 | 1.8 mi | |
1 Wildermans Way, Middletown, CT 06457 | 7-8 | 1.6 mi | |
200 La Rosa Ln, Middletown, CT 06457 | 9-12 | 1.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 530 Main St
Date
Details
Price
Change
Source
2/28/2024
Sold
$930,000
-13.49%
MLS
8/01/2023
Price Reduced
$1,075,000
-10.42%
MLS
6/30/2023
Price Reduced
$1,200,000
-7.69%
MLS
5/23/2023
Price Reduced
$1,300,000
-13.33%
MLS
3/10/2023
Listed
$1,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
530 Main Street, Middletown, CT 06457 (MLS# 170555172) is a Multi-Family property that was sold at $930,000 on February 28, 2024. Want to learn more about 530 Main Street? Do you have questions about finding other Multi-Family real estate for sale in Middletown? You can browse all Middletown real estate or contact a Coldwell Banker agent to request more information.