1077 Main St - Storefront Retail/Residential FOR SALE


Manchester, CT 06040- East Side
$1,450,000 USD
203-722-2451
1077 Main St, Manchester, CT for Sale
$1,450,000 USD
Storefront Retail/Residential - FOR SALE
1/9
null | 7% Cap Rate

1077 Main St
Manchester, CT 06040
East Side


HIGHLIGHTS

  • Manchester Downtown, nearby the new library

OVERVIEW

12 units mixed units consist 11 apartments ( 3 studios & 8 one bedroom units) and one store front unit. Major renovations have been done within last 12 years. The roof, all windows, heating system, fire alarm system, 10 of 11 apartment units have been updated , including plumbing, electrical. located at downtown Manchester, near by the Manchester new library. Most residential tenants are in yearly renewal lease. The commercial tenant lease ends in 2028 with option to extend. Commercial tenant pays own water and sewer. Landlord pays for heat, cold & hot water, sewer, real tax, trash & insurance. Very stable tenants. Current rents are below market.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$150 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

CROSS STREETS

Eldridge Street

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

CBD

APN/PARCEL ID

MANC-000079-003760-001077

ASK ABOUT THIS PROPERTY

Lani Liu-HelischSovereign PropertiesMore Info
203-722-2451

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Lani Liu-HelischSovereign PropertiesMore Info
203-722-2451

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