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$ 380,000
Est. payment /mo
Price Dropped by $5K
180 Bailey Road Middletown, CT 06457
4 Beds
2 Baths
2,540 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,540 sqft
Price per Sqft $149
MLS Listing ID 24141334
Style Colonial
Bedrooms 4
Full Baths 1
Half Baths 1
Year Built 1957
Annual Tax Amount $8,808
Lot Size 0.270 Acres
Property Description
Fantastic investment opportunity in Middletown! This unique single-family home with a fully permitted ADU offers exceptional versatility and strong rental income. The property features three fully rented units-a spacious upper-level unit, a ground-level unit, and a private ADU attached off the back. Together, these units currently generate $3,400/month, and all existing tenants will convey with the property, providing instant cash flow for the next owner. The finished basement, delivered vacant, adds additional flexibility-ideal for storage, personal use, or potential future income (buyer to do due diligence). Each space has been thoughtfully utilized, making this an efficient and high-performing property in a desirable location. Whether you're an investor expanding your portfolio or an owner-occupant looking to offset your mortgage, this property delivers outstanding value and endless potential.
Location
State CT
County Middlesex
Zoning R-15
Rooms
Basement Full
Interior
Heating Hot Air
Cooling Window Unit
Fireplaces Number 2
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Spencer
High Schools Middletown
Listed by Thomas Mele • Dorrance Realty