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Westfield Multifamily Home for Sale

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    $2,175,000

    • 1 Bed
    • 1 Bath
    • 11,098 Sq Ft

    123 Burgundy Hill Ln, Middletown, CT 06457

    Portfolio of 18 rental condo units in the Peppermill Village association in Middletown. All units rented, this turnkey investment portfolio offers immediate cash flow. Current Gross Rents of $274k. 14 1-bedroom units and 4 1-bedroom w/loft units. HOA includes water, sewer, trash, landscape, Snow removal. Tenants responsible for electric utility.

    Travis Preziosi Brickwell Partners LLC

    123 Burgundy Hill Ln, Middletown, CT 06457

Why Live in Westfield

Westfield, a neighborhood in Middletown, Connecticut, is experiencing significant growth with new houses and businesses replacing some of its farmland. Located close to the Berlin Turnpike, residents have convenient access to New Haven, making it a favorable location for commuters. Despite its urban proximity, Westfield retains a substantial amount of forest land, providing a habitat for wildlife such as rabbits, owls, and snakes. This blend of metropolitan and rural elements makes the neighborhood popular with families and those who appreciate nature. Homes in Westfield often sit on large lots, particularly in cul-de-sacs surrounded by trees that offer privacy by blocking the view of neighboring houses. Closer to the highway, houses are more densely packed in subdivisions featuring colonial and ranch styles. Housing prices in Westfield are generally lower than in neighboring areas, with fixer-uppers starting around $150,000 and newer homes priced around $470,000. Condos, which range from $125,000 to $225,000, often come with amenities like tennis courts and an outdoor pool. The neighborhood's features include a mix of urban convenience and natural beauty, making it an attractive option for a variety of homebuyers. The combination of affordable housing, proximity to major routes, and the presence of wildlife and forested areas contribute to the unique character of Westfield.

Home Trends in Westfield, CT

Housing Trends

Median Sale Price
$275,000
Median Single Family Sale Price
$400,000
Median Townhouse Sale Price
$227,000
Median 2 Bedroom Sale Price
$220,000
Median 1 Bedroom Sale Price
$150,500
Average Price Per Sq Ft
$241
Number of Homes for Sale
17
Last 12 months Home Sales
223
Months of Supply
0.90
Median List Price
$269,900
Median Change From 1st List Price
-2%
Median Home Sale Price YoY Change
10%
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