Calling All Investors. Great opportunity to own a 10 Cap in Middletown! This cash cow is a 4 unit Multifamily with detached 3 car garage. Two garage bays are currently rented for an additional $125/ month. All 4 units have tenants in place. Two under lease through 2020. Tenants screened prior to move in and in good standing. Security deposit collected as well and will be transferred with the sale. Natural Gas Heat and Hot water. All tenants pay their own utilities. (Heat, Hot water and electric) Plenty of off street parking. Well maintained investment property.
Operating Income and Expense Report Available upon request.
Multi-familyProperty Type
1920Year Built
0.35 acresLot Size
$158Est. Price/Sq.Ft.
3 car garageParking
Listed by Michael Bradley• Robert C White & Company LLC
Bought with Riley McManus• LAZA Properties
Source:Smart MLS #170312336
Redfin Estimate
$532,546
$218K since sold in September 2020$1,000 since September
Recently sold homes
Estimate history
Homes for sale
This home's estimate is 21.6% higher than the average sale price ($438K) of 6 comparable homes.
Great investor opportunity with over $3000 in gross monthly income - great off street parking - updated mechanicals - close to city center - 3 car detached garage - fully occupied with long term tenants - 2 units partially updated
Smart MLS #M9143812
Feb 28, 2014
Listing Removed
—
Oct 14, 2013
Listed
$289,000
$86/sq ft
Smart MLS #M9140348
Sep 30, 2013
Listing Removed
—
Apr 28, 2013
Listed
$289,000
$86/sq ft
Smart MLS #M9135172
Mar 31, 2013
Listing Removed
—
Jun 12, 2012
Listed
$309,000
$92/sq ft
Smart MLS #M9127494
Dec 31, 2011
Listing Removed
—
Apr 10, 2011
Listed
$339,000
$101/sq ft
Public Records
Jun 8, 2007
Sold
$301,780
$90/sq ft
Smart MLS #G443822
Dec 1, 2006
Listed
$309,900
$92/sq ft
Smart MLS #G421989
Nov 13, 2006
Listing Removed
—
May 12, 2006
Listed
$319,000
$95/sq ft
Year
Property tax
Land + Additions
Assessment*
2022
$8,076 (+0.4%)
$32,450 + $163,300
$195,750
2021
$8,040 (+0.2%)
$32,450 + $163,300
$195,750
2020
$8,026 (−0.5%)
$32,450 + $163,300
$195,750
2019
$8,065 (+3.6%)
$32,450 + $163,300
$195,750
2018
$7,788 (+21.3%)
$32,450 + $163,300
$195,750
2017
$6,418 (+2.1%)
$40,320 + $125,600
$165,920
2016
$6,289 (+2.3%)
$40,320 + $125,600
$165,920
2015
$6,150
$40,320 + $125,600
$165,920
2014
$6,144 (−2.5%)
$40,320 + $125,600
$165,920
2011
$6,302
$61,110 + $139,920
$201,030
Tax history for 36 Walnut St
Year
Property tax
Land + Additions
Assessment*
2022
$8,076 (+0.4%)
$32,450 + $163,300
$195,750
2021
$8,040 (+0.2%)
$32,450 + $163,300
$195,750
2020
$8,026 (−0.5%)
$32,450 + $163,300
$195,750
2019
$8,065 (+3.6%)
$32,450 + $163,300
$195,750
2018
$7,788 (+21.3%)
$32,450 + $163,300
$195,750
2017
$6,418 (+2.1%)
$40,320 + $125,600
$165,920
2016
$6,289 (+2.3%)
$40,320 + $125,600
$165,920
2015
$6,150
$40,320 + $125,600
$165,920
2014
$6,144 (−2.5%)
$40,320 + $125,600
$165,920
2011
$6,302
$61,110 + $139,920
$201,030
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Beds
8
Baths
4
Stories
2
Lot width
—
Lot depth
—
Lot size
0.35 Acres
Year renovated
—
Sq. Ft.
3,360
Year built
1920
Style
Multi-Family (5+ Unit)
County
Middlesex County
APN
1012589
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2023.
Property details
Parking
Garage Information
Garage & Parking: Detached Garage
Garages Number: 3
Interior
Virtual Tour Information
Has Virtual Tour
Bathroom Information
# of Baths (Full): 4
Bedroom Information
Beds Total: 8
Room Information
Basement Description: Full
Has Attic
Attic Description: Walk-up, Pull-Down Stairs
Multi-Unit Information
Unit Count: 4
Total Rooms Multi Family: 16
Total Number of Units: 4
Exterior
Exterior Features
Roof Information: Asphalt Shingle
Exterior Siding: Aluminum
Building Information
Foundation Type: Concrete
Construction Description: Frame
Color: Yellow
Property Information
Property Type: Multi-Family For Sale
Property Sub Type: 4 Family
Living Area SQFT Per Public Record: 3360
Driveway Type: Gravel
Financial
Assessments Information
Assessed Value: $195,750
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Hot Water Description: Natural Gas
Heat Type: Baseboard
Heat Fuel Type: Natural Gas
Location
School Information
High School: Middletown
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Directions: Rt 9 to exit 14. South on DeKoven Drive. Straight onto East Main Street. Left on to Maple Street. Left onto Walnut. House on Right.
County: Middlesex
Public facts
Beds: 8
Baths: 4.0
Sq. Ft.: 3,360
Stories: 2.0
Lot Size: 0.35 acres
Style: Multi-Family (5+ Unit)
Year Built: 1920
Year Renovated: —
County: Middlesex County
APN: 1012589
Home facts updated by county records on Jul 13, 2023
Other
Documents & Disclosures
Supplement Count Public: 4
Around this home
Schools
Bielefield School
Public PreK-5 • Assigned • 1.0mi
3/10
Beman Middle School
Public 7-8 • Assigned • 1.1mi
4/10
Middletown High School
Public 9-12 • Assigned • 2.6mi
4/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 96° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Middletown, CT • 06457
Average low and high temperatures (°F)
34
21
36
21
52
33
62
43
70
52
81
61
85
66
81
59
77
56
66
46
54
37
39
25
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 9 hours in
June and 4.5 hours in December, which is comparable to the
U.S. average for solar exposure.