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$ 749,999
Est. payment | /mo
7 Baths
10,018 Sqft Lot
$ 749,999
Est. payment | /mo
7 Baths
10,018 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24131686
Full Baths 7
Year Built 1960
Annual Tax Amount $8,346
Lot Size 10,018 Sqft
Property Description
This rare opportunity offers a fully occupied 7-unit multifamily property in the heart of downtown Manchester. Each unit features one bedroom and one bathroom, making it ideal for steady rental income in a highly desirable area. Situated just steps from Main Street and conveniently close to major bus lines, the location provides easy access to shopping, dining, and public transportation, which tenants love. The property has undergone recent updates, positioning it well for long-term stability. There is ample off-street parking, an increasingly valuable amenity in the downtown area. The owner currently covers the cost of gas heat, which adds to the building's appeal for tenants. The next owner has a clear path to increasing revenue by adjusting rents to meet current market demand. This is a strong investment opportunity for buyers looking to expand their portfolio. Property to be sold "AS IS." Property may be sold separate or together as a portfolio with 45 Elm Street, Winsted.
Location
State CT
County Hartford
Zoning RB
Interior
Heating Hot Air
Cooling None
Exterior
Utilities Available Electric Available, Gas Available
Roof Type Asphalt Shingle,Other
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Ashley Chaia • Oxford Realty
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Andrei Balaj & Camilo Ramirez
Real Estate Agent | Lic# Licensed in Connecticut