106 Birch St - Multi-Family FOR SALE


Manchester, CT 06040- East Side
$749,999 USD
860-593-9595
106 Birch St, Manchester, CT for Sale
$749,999 USD
Multi-Family - FOR SALE
1/7
null | Request Cap Rate

106 Birch St
Manchester, CT 06040
East Side


HIGHLIGHTS

  • Value-add opportunity
  • Property is located downtown near shopping areas and bus lines.

OVERVIEW

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."

FOR SALE DETAILS

PRICE

$749,999 USD

PRICE/SF

$104 USD /SF

# OF UNITS

7

PRICE/UNIT

$107,143

CAP RATE

Request Cap Rate

% LEASED

72%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

106 Birch Street, Manchester, CT

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RB

APN/PARCEL ID

MANC-000094-000500-000106

ASK ABOUT THIS PROPERTY

Ashley ChaiaOxford RealtyMore Info
860-593-9595

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Ashley ChaiaOxford RealtyMore Info
860-593-9595

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.