Prime mixed use commercial property located on Main Street with excellent visibility, close to amenities, and ample on site parking.
| Website: | https://www.nestseekers.com/5220833 |
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| Address: | 433 Main New Hartford, CT 06057 |
| Ownership: | Multi-Family |
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| 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
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of David White of OwnerEntry.com | |