Commercial For Sale
$ 600,000
$ 600,000
- Listing Contract Date: 2023-04-24
- MLS #: 170564862
- Post Updated: 2023-04-29 02:00:03
- Area: 5839 sq ft
- Year built: 1900
- Status: Active
Description
Great investment or owner-occupied opportunity!! This multi-family home has 5 units, a four car detached heated garage and a large paved lot with ample parking. One bay of the garage is being used as a workshop. Three of the units are month to month tenants and one unit has a lease. Unit 1 is a one bedroom unit with an additional room off the bedroom with sliders leading out to a private deck. This unit has a renovated bath with walk-in shower. Unit 2 is an efficiency unit. Unit 3 is a one-bedroom unit and has an updated kitchen, spacious living area and a slider leading out to a private deck with views of the Thames River. Unit 4, has a foyer entrance, one spacious bedroom, dishwasher and washer and dryer hookups. Unit 5, on the second floor, is vacant, enabling a great opportunity for an owner occupant and is an updated unit with one bedroom, two full baths, dishwasher, washer and dryer hookups, plenty of natural sunlight and sliders leading out to the private deck with views of the Thames River. Each unit has a non-working decorative fireplace. There is one boiler with 5 separate zones for each unit. Convenient location close to EB, Pfizer with easy access to I95. The Gross income is $54,580; operating expenses are $36,035.
- Last Change Type: New Listing
Rooms&Units Description
- Unit Count: 3
- Total Numof Units: 5
Location Details
- County Or Parish: New London
- Location: Suburban
- Neighborhood: N/A
- Directions: North St to Broad St.
- Zoning: R52
Property Details
- Lot Description: Dry,Cleared,Level Lot
- Parcel Number: 1949412
- Sq Ft Source: Public Records
- Acres: 0.3300
- Potential Short Sale: No
- Commercial Catagory: Residential Income
- Construction Description: Frame
- Tenants Number Of: 42
- Showing Instructions: Listing Agent to be present for all showings. 24 hours notice required
Property Features
- Utilities Available: Electric,Cable
- Exterior Features: Gutters,Lighting,Sidewalk
- Road Frontage Description: Municipal Street,Paved Road
- Foundation Type: Concrete
- Roof Information: Fiberglass Shingle,Flat
- Flooring: Parquet,Vinyl,Wall-to-Wall Carpet,Wood
- Cooling System: Ceiling Fans,Window Unit
- Heat Type: Baseboard,Zoned
- Heat Fuel Type: Oil
- Parking Total Spaces: 7
- Parking Spaces Uncovered: 7
- Garage Parking Info: Detached Garage,Paved,Driveway
- Water Source: Public Water Connected
- Exclusions: Personal Property and vehicles in the garages do not convey.
- Sewage System: Public Sewer Connected
- Sewer Usage Fee Annual: 700
Fees&Taxes
- Property Tax: $ 6,895
- Tax Year: July 2022-June 2023
Miscellaneous
- Gross Annual Income: 54580
- Gross Annual Expense: 36043
- Net Operating Income: 18537
- Possession Availability: Negotiable
- Mil Rate Total: 24.950
- Mil Rate Tax District: 3.670
- Mil Rate Base: 21.280
- Virtual Tour: https://app.immoviewer.com/landing/unbranded/644719d60466062f0ad13117
Courtesy of
- Office Name: RE/MAX on the Bay
- Office ID: RMBA60
This style property is located in is currently Commercial For Sale and has been listed on RE/MAX on the Bay. This property is listed at $ 600,000. It has bedrooms, bathrooms, and is 5839 sq ft. The property was built in 1900 year.
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