ADD VALUE ALERT! This mixed use asset is offered at $299,000 with an estimated renovation budget of $120,000. Once renovations have been completed, all four units will generate $7,000 in monthly income supporting an after repair value of at least $480,000. The building sits on a corner lot within very close proximity to downtown Middletown. A vacant commercial space on the ground level provides a potential owner operator with tremendous opportunity to add value to their existing business or start anew. The commercial space was once operated as a bar and restaurant combo consisting of a bar area, main dining room, kitchen, and a half bathroom. Three residential units fill the upper two floors including a one bedroom, two bedroom, and three bedroom apartment. The units will be conveyed vacant allowing a buyer to start renovations immediately.
|
DAYS ON MARKET
|
3
|
LAST UPDATED
|
8/11/2025
|
|
YEAR BUILT
|
1900
|
COUNTY
|
Middlesex
|
|
STATUS
|
Active
|
PROPERTY TYPE(S)
|
Multi Family
|
| Elementary School |
Per Board of Ed |
| High School |
Per Board of Ed |
| AIR |
None |
| BASEMENT |
None |
| CONSTRUCTION |
Brick |
| HEAT |
Hot Water, Natural Gas |
| LOT |
6534 sq ft |
| LOT DESCRIPTION |
Corner Lot, Sloped |
| PARKING |
None |
| SEWER |
Public Sewer |
| STYLE |
Units are Side-by-Side, Units on different Floors |
| TAXES |
7278 |
| WATER |
Public |
| ZONING |
MXI |
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Listing courtesy of VC Property Group, LLC
Copyright Smart MLS. All rights reserved. Information is deemed reliable but not guaranteed to be accurate.
This IDX solution is (c) Diverse Solutions 2025.
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