Charming Investment Opportunity, Post Office and Apartment for Sale.
Website: | https://www.nestseekers.com/3192605 |
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Address: | 538 Manchester Glastonbury, CT 06025 |
Ownership: | Multi-Family |
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Type: | Multi-Family |
Pets: | Pets Unknown |
Area: | 2215 sq ft |
Financials
Price: | $399,000 |
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Annual Taxes: | $5,737 |
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
Contact
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1(203) 204-9555 | |
Listing Courtesy of Steven Joseph of William Raveis Real Estate |