Exceptional investment opportunity !


Property

Website:https://www.nestseekers.com/5652041
Address:
85-87 Spruce
Manchester, CT 06040
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 13 BR
Bathrooms: 4
Area: 4563 sq ft

Financials

Price:$674,900
Annual Taxes:$9,047

Description

Exceptional investment opportunity! Well-maintained 4-family offering 4,563 sq. ft. 21 Rms. 13 Brms.with a 3-car garage in a neighborhood undergoing revitalization. Conveniently located near Charter Oak Park, tennis courts, schools, shopping, public transportation, and just minutes from downtown. Current rents are below market, providing excellent value-add potential and the opportunity to increase future cash flow. The 3-car garage offers additional income potential. Approximately $45,000 in recent improvements include updated apartments, renovated bathrooms and 3 kitchens, new fire-rated doors, updated appliances, exterior powerwashing, freshly painted garage and entry doors, and a water heater replaced at the end of 2024. 3 gas and 1 oil heat. This is a turnkey investment with immediate income and long-term upside. (Profesional pictures will be updated by weekend)

Amenities

  • Balcony
  • Elementary School - Per Board of Ed
  • Garden Area
  • Gutters
  • High School - Manchester
  • Intermediate School -

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Marianne Smith of Century 21 AllPoints Realty