$1,200,000
$1,300,000
7.7%For more information regarding the value of a property, please contact us for a free consultation.
13,769 SqFt
SOLD DATE : 10/11/2024
Key Details
Sold Price $1,200,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 13,769 sqft
Price per Sqft $87
MLS Listing ID 170625002
Sold Date 10/11/24
Style Units on different Floors,Other
Year Built 1908
Annual Tax Amount $20,271
Lot Size 0.680 Acres
Property Description
Rental complex for sale! Just shy of $20,000/month rent roll! Currently 97% rented. Most utility expenses are covered by the tenants. 11 units located 3 blocks from ECSU and 8 miles from UConn. University populations are increasing! 38 bedrooms and 11.5 bathrooms total amongst 2 apartment buildings and one single family house. 1 6-family, 1 4-family, and 1 single family. Roughly 13,769 sqft of total living space, 1,176 sqft of additional space. The sale of the complex consists of the properties 27-29 Chestnut Street, 19-25 Chestnut Street, and 49 Spring Street, all in Willimantic Connecticut. The property includes a common area barn and a heated storage garage that can be leased for more income. All properties are in the same location to form one compound. Plenty of off street parking connecting all of the properties together. Plenty of street parking as well. Plenty of value-add opportunities! Turn-key operation ready for a new owner!
Location
State CT
County Windham
Zoning NPR2
Rooms
Basement Partial, Unfinished
Interior
Heating Baseboard, Hot Air, Radiator, Steam
Cooling None
Fireplaces Number 2
Exterior
Parking Features Driveway, Paved, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle,Shingle
Building
Lot Description City Views
Foundation Brick, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Windham
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Bought with Jake Cordelli • Cordelli Realty LLC