Charming Investment Opportunity, Post Office and Apartment for Sale.


Property

Website:https://www.nestseekers.com/3192605
Address:
538 Manchester
Glastonbury, CT 06025
Ownership: Multi-Family
Type: Multi-Family
Pets: Pets Unknown
Area: 2215 sq ft

Financials

Price: $399,000
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
Listing Courtesy of Steven Joseph of William Raveis Real Estate

538 Manchester Glastonbury CT 06025 USA