This 4 unit multi family home, is a functional 5 family and is very close to, if not in, downtown Newington.


Property

Website:https://www.nestseekers.com/5439830
Address:
1418-1420 Main
Newington, CT 06111
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 10 BR
Bathrooms: 5
Area: 5916 sq ft

Financials

Price:$875,000
Annual Taxes:$13,783

Description

This 4 unit multi family home, is a functional 5 family and is very close to , if not in , downtown Newington . ( It has 3 of the 5 units available to tour in person , currently, due to logistic ) Showing can only be arranged on scheduled Saturday afternoon right now . The photo is from a few years Avon . It is diagonally across from the firestation. It has not been on the market in the past 40+ years. The rents coming in , are considerably under current rates being collected for Newington. The plot plan shows that a building lot is possible to be split off and sold or re developed , which the town has verified. Additionally, there are two spaces or areas in the house that have the possibility of being converted in units, which would make it a 7 unit functional investment property. Or perhaps it could be converted back to a single family home. The owner is the agent . The property has cosmetics issues ( power washing and painting, and isolated trim that needs to be addressed. As a single owner, I cannot keep up with the maintenance in a paractial way any longer . It's time to turn it over to the next person.

Amenities

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

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Matthew Schoenhardt of William Raveis Real Estate