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Key Details
Sold Price $755,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,954 sqft
Price per Sqft $152
MLS Listing ID 170499558
Sold Date 01/04/23
Year Built 1900
Annual Tax Amount $11,675
Lot Size 6,969 Sqft
Property Description
369 Valley, Willimantic is a totally remodeled 7 Unit asset is located less than 2 miles to Eastern Ct University! The in place Actual CAP Rate is 10.7%. The Interior of the building has been fully renovated. The Roof is new as of November of 2020, the plumbing was replaced between 2020 and 2022. The electric was upgraded in 2012. The unit mix consists of: 4, 3 bedroom units; 2, 2 bedroom units and 1 office/studio/live/work space. The asset is 3 stories and was built in 1900 and has off street parking. This investment opportunity is turnkey, pride of ownership evident and easy to manage. The heating is natural gas. The tenants pay their own electricity.
Location
State CT
County Windham
Zoning NPR2
Interior
Heating Radiator
Cooling Window Unit
Exterior
Parking Features Paved, Off Street Parking
Utilities Available Electric
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
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Bought with Alexa Grumet-Ford • Berkshire Hathaway NE Prop.