One of Manchester's most iconic properties, and a chance to own a seriously HIGH cash flowing property.


Property

Website:https://www.nestseekers.com/5566273
Address:
114 Charter Oak
Manchester, CT 06040
Ownership: Commercial
Type: Commercial

Financials

Price:$749,900
Annual Taxes:$10,186

Description

One of Manchester's most iconic properties, and a chance to own a seriously HIGH cash flowing property. This property consists of a four family building, with an adjacent building containing a restaurant/pub, plus another upstairs apartment unit. These buildings are on one parcel and cannot be separated. So it will take a commercial loan product or a cash/"cash like" financial arrangement to purchase. There is plenty of parking in the rear of the buildings for all of the usages of the buildings, with some dedicated strictly for tenants, making it even more attractive. These buildings are in good working condition, but also are older and will always need appropriate upkeep. So the ideal purchaser is someone who is experienced and use to owning/dealing with these types of investment properties. There are mostly separated utilities including the electrical, natural gas, public water and sewer. Great for the owner! The property abutts wonderful and recently reconstructed Charter Oak Park and brand new "Oaks". Walking distance to all of Main Street with all it's lively establishments and entertainment. If you've been looking for an investment in Manchester that combines residential and commercial aspects, this is a very nice opportunity.

Amenities

  • Elementary School -
  • High School -
  • Intermediate School -

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Kurt Potter of RE/MAX Right Choice