Prime mixed use commercial property located on Main Street with excellent visibility, close to amenities, and ample on site parking.


Property

Website:https://www.nestseekers.com/5220833
Address:
433 Main
New Hartford, CT 06057
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 5 BR
Bathrooms: 4
Area: 2699 sq ft

Financials

Price:$515,900
Annual Taxes:$6,943

Description

Prime mixed-use commercial property located on Main Street with excellent visibility, close to amenities, and ample on-site parking. Property features four units plus a detached two-bay garage, all fully occupied. Residential units include two one-bedroom apartments and one two-bedroom apartment, along with a commercial space suitable for a variety of uses. Extensive renovations completed throughout including all new plumbing, electrical, heat pump systems, water heaters, separate utility meters, new kitchens, bathrooms, and a new common laundry room. Detached two-bay garage is also leased, providing additional income. Strong investment opportunity with multiple income streams, minimal deferred maintenance, a 7.8% cap rate, and a pro forma cap rate of 8.1%.

Amenities

  • Elementary School - Per Board of Ed
  • Heat Pump
  • High School - Per Board of Ed
  • Intermediate School -
  • Porch

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of David White of OwnerEntry.com