Middletown Condo Units Investment
For Sale
$2,175,000
Pending
123 Burgundy Hill Lane, Middletown, CT 06457
Portfolio of 18 rental condo units in Middletown, Connecticut.
Property Size11,098 SF
Days on Market333
Property Features for 123 Burgundy Hill Lane
General Information
Standard status
Pending
Size
11,098 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$30,194
Amenities
Central air
Asphalt Shingle Roof
Radiator Heating
Wall Unit Cooling
Building Details
Year Built
1987
Listing Agency:
Brickwell Partners LLC
(203) 489-6879
Listed By:
TRAVIS BOWDEN
Source:
Corcoran
Added: Sep 10, 2025
Changed: Aug 8
Last Checked: Aug 8 at 12:47PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brickwell Partners LLC
Investment Insights
Based on property information with market context.
This portfolio consists of 18 rental condominium units located within the Peppermill Village association in Middletown. The units are currently rented, providing immediate cash flow for investors. The portfolio's current gross rental income is $285,000. The unit mix includes thirteen 1-bedroom units, four 1-bedroom units with lofts, and one 2-bedroom unit. The Homeowners Association (HOA) covers the costs of water, sewer, trash disposal, landscaping, and snow removal. Tenants are responsible for covering their electric utility expenses. The total property size is 11098 square feet, offering a turnkey investment opportunity.
Key Highlights
- Turnkey investment portfolio with immediate cash flow
- Portfolio of 18 rental condo units
- Current Gross Rents of $285k
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Explore this area
Business Placement
Demographics for 06457, CT
46,505
Population
22,138
Households
2.1
Avg Household Size
39
Median Age
41%
College-Educated
94%
High-School Grad
40.7 sq mi
ZIP Area
1,143
Density / Sq Mi
$74,003
Median Household Income
$48,240
Median Earnings
$1,392
Median Rent
$279,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of 18 rental condo units in Middletown, Connecticut.
Where is this apartment building located?
The property is located at 123 Burgundy Hill Lane Middletown, CT.
What is the asking price?
The asking price for this property is $2,175,000.
What are key features of this property?
This property features: Turnkey investment portfolio with immediate cash flow; Portfolio of 18 rental condo units; Current Gross Rents of $285k
