122 W Main St - Apartments FOR SALE


Plainville, CT 06062
$625,000 USD
122 W Main St, Plainville, CT for Sale
$625,000 USD
Apartments - FOR SALE
1/31
null | 7.1% Cap Rate

122 W Main St
Plainville, CT 06062


HIGHLIGHTS

  • Walking Distance to Downtown
  • Close to ESPN, Major Highways
  • Upside Potential with Cosmetic Upgrades
  • Off Street Parking
  • Newer Boilers & Updated Electrical

OVERVIEW

Fantastic investment opportunity in a prime downtown Plainville location! Just 3.5 miles from ESPN and close to restaurants, shops and major highways. This 5 unit property features 4, 1 bed/1 bath units and 1, 3-4 bed/1 bath unit, currently available for an owner occupant or to fill with your own tenant. Tenants pay their own electric and the owner covers oil heat/hot water for 4 units (twin 330-gallon oil tanks; 2017 boiler). The 5th unit is separately heated with a gas furnace (2016) and is tenant paid. Plenty of off-street parking and just a short walk to downtown. Currently cash flowing for your investment needs and solid upside in rental income-don't miss this one!

FOR SALE DETAILS

PRICE

$625,000 USD

PRICE/SF

$148 USD /SF

# OF UNITS

5

PRICE/UNIT

$125,000

CAP RATE

7.1%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CC

APN/PARCEL ID

PLAI-000028-C000000-000002

ASK ABOUT THIS PROPERTY

Maddy CerutiCentury 21 Allpoints RealtyMore Info

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Maddy CerutiCentury 21 Allpoints RealtyMore Info

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