$695,000
$699,900
0.7%For more information regarding the value of a property, please contact us for a free consultation.
9,220 SqFt
SOLD DATE : 01/10/2023
Key Details
Sold Price $695,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,220 sqft
Price per Sqft $75
MLS Listing ID 170538087
Sold Date 01/10/23
Year Built 1951
Annual Tax Amount $11,189
Property Description
GREAT OPPURTUNITY FOR A WELL-MAINTAINED, TURN-KEY INVESTMENT BOASTING CHARACTER AND CHARM, LOCATED IN THE HEART OF MANCHESTER! Property is at full occupancy. NEW ROOF. Driveway recently sealed. Current NOI of $52K/year, Annual Income $88k/year. 2022 Annual Income will be $88k for the year. The property has a total of 7 units. (2) commercial units and (1) residential unit on the main level, the second level has (4) residential units. Basement extremely clean with multiple rooms for storage. All tenants are on yearly leases and are aware of their rental increase once the lease expires. Some of the renovations done to the property are a new boiler, new 3" gutters, LED lighting throughout the property with motion/light sensors, ADT camera surveillance system. The Yoga Studio, Hair Salon, Apts A & E have oil heat which is paid for by the landlord. Apts B, C & D pay their own electric heat. THIS WON'T LAST. SCHEDULE YOUR TOUR TODAY!
Location
State CT
County Hartford
Zoning Residential, Commercial
Interior
Interior Features Public Restrooms, Security System, Window Display
Heating Hot Water, No Heat
Cooling Window Unit
Flooring Ceramic Tile, Vinyl
Exterior
Exterior Feature Door Sign, Lighting, Sidewalk
Garage Parking Lot
Utilities Available Telephone
Roof Type Asphalt Shingle
Building
Story 2
Foundation Block, Masonry
Sewer Public Sewer Connected
Water Public Water Connected
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Bought with Lisa Cozzi • Berkshire Hathaway NE Prop.
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Broker | REB.0791464