Manchester, CT 06042,143-145 Main Street

$695,000

$699,900

0.7%
Est.Price: ?

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Est. payment /mo

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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Listed by Shy Grahame • Agnelli Real Estate
Bought with Lisa Cozzi • Berkshire Hathaway NE Prop.

GET MORE INFORMATION

Osi Rosenberg

Broker | REB.0791464

+1(203) 738-5999

2051 Main St, Stratford, CT, 06615

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