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51 S MAIN ST
MIDDLETOWN, CT 06457-3606
Asking Price
$1.70M
Asset Type
Mixed-use
Class
Class B
What's Special
Turnkey Medical/Office For Sale Adjacent to Middlesex Hospital <ul><li>Location: The properties are located directly across from Middlesex Hospital's main campus</li><li>Well Maintained: The current owner operated his ENT practice here for decades and has taken meticulous care and great pride in the upkeep of the properties</li><li>Income: The lone medical tenant pays good rent on a landlord-friendly triple net lease</li><li>Convenience: The campus is located just off of CT Route 9 which connects to I-91, I-95 and I-84</li><li>Value-Add: 1,772sf baseme
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NOI
$80,000
Cap Rate
4.72%
DSCR
0.79
Underwater
Cash-on-Cash
-4.06%
Monthly Payment
$8,385.935
Annual Cash Flow
$-20,631.222
