$320,000
$329,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
3 Baths
2,856 SqFt
SOLD DATE : 12/31/2020
Key Details
Sold Price $320,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,856 sqft
Price per Sqft $112
MLS Listing ID 170325545
Sold Date 12/31/20
Style Units on different Floors,3updown - Unit(s) per Floor
Bedrooms 7
Full Baths 3
Year Built 1900
Annual Tax Amount $4,119
Lot Size 7,840 Sqft
Property Description
Great opportunity to own a three family home close to downtown Westerly and only a short distance to the areas beaches and attractions. Currently owner occupied, this property generates $19,200 a year, far below market. Tremendous opportunity to add value to this property and see cash flow increase to $40,800 a year. Current rent/market = Unit 1: owner/1,000 Unit 2: 800/1,200 Unit 3: 800/1,200. Also, potential to combine 3rd unit with unfinished top floor to provide additional living space. Roof, hot water heaters, furnace, electrical panels, exterior paint, have all been done within the past 8 years. Home is connected to city gas/water/sewer. Separate entrances, utilities, and off street parking.
Location
State CT
County New London
Zoning RH-10
Rooms
Basement Partial, Interior Access, Storage
Interior
Heating Baseboard, Space Heater
Cooling Ceiling Fans, Wall Unit
Exterior
Exterior Feature Awnings, Breezeway, Garden Area, Gutters, Lighting, Porch, Shed, Stone Wall
Parking Features Driveway, On Street Parking, Off Street Parking
Garage Spaces 8.0
Waterfront Description River,Walk to Water
Roof Type Asphalt Shingle
Building
Lot Description On Cul-De-Sac
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Bought with Melody Edelman • William Raveis Real Estate