538 Manchester
Glastonbury, CT 06025

Property

Ownership: Multi-Family
Type: Multi-Family
Pets: Pets Unknown
Area: 2215 sq ft

Financials

Price: $399,000
Annual Taxes: $5,737
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Courtesy of Steven Joseph of William Raveis Real Estate

Description

Charming Investment Opportunity, Post Office and Apartment for Sale. A unique and profitable investment opportunity in the heart of Glastonbury. This property offers not just one, but two lucrative income streams: a fully operational post office and a well-appointed apartment, making it an ideal investment for savvy investors seeking a stable and diverse portfolio. Situated in a bustling neighborhood, this property benefits from a prime location, ensuring a steady flow of customers for the post office. Its convenient accessibility and high visibility make it a favorite spot among locals, guaranteeing the success of the post office that has been here for over 40+ years. The property boasts a fully operational post office, serving the community's mailing needs. In addition to the post office, there is a charming apartment that provides a consistent rental income. The symbiotic combination of these two ventures offers a remarkable 8% cap rate, making it a financially sound investment opportunity. The apartment, with a long term tenant that is currently on a m2m lease occupies a thoughtfully designed and maintained home with exposed stone and beautiful layout., With a reliable tenant base, you can enjoy a predictable revenue stream month after month. The property's layout and amenities make it highly desirable for tenants, ensuring minimal vacancies and maximum returns on your investment.

Amenities

  • Elementary School - Per Board of Ed
  • High School - Glastonbury
  • Intermediate School -
  • Zoned

Charming Investment Opportunity, Post Office and Apartment for Sale.


All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.