34 Marshall St - Apartments FOR SALE


Putnam, CT 06260
$850,000 USD
518-788-0249
34 Marshall St, Putnam, CT for Sale
$850,000 USD
Apartments - FOR SALE
1/14
null | 8.61% Cap Rate

34 Marshall St
Putnam, CT 06260


HIGHLIGHTS

  • Renovated Units
  • Off Street Parking
  • Desirable Location near Downtown

OVERVIEW

Turnkey multifamily investment opportunity in the heart of Putnam, CT. This fully leased 7-unit building offers immediate cash flow with a strong unit mix and meaningful recent capital improvements. The property comprises five one-bedroom/one-bath units and two two-bedroom/one-bath units across 5,402 square feet on a 6,500 SF lot. All units have been updated and the building has seen significant reinvestment, including a new roof (2024) and a new rear deck and staircase (2024). Favorable expense structure as all utilities are separately metered, with tenants responsible for their own heat, hot water, and electric. Shared laundry in the basement provides an additional amenity without utility burden to ownership, and each tenant enjoys dedicated basement storage. 100% occupied with some room to increase rents in a very high demand / low inventory area.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$157 USD /SF

# OF UNITS

7

PRICE/UNIT

$121,429

CAP RATE

8.61%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

34 Marshall St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1870

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,500 SF

ZONING

R-7

APN/PARCEL ID

PUTN-000007-000000-000286

ASK ABOUT THIS PROPERTY

Alexander MacielakAlexander MacielakMore Info
518-788-0249

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Alexander MacielakAlexander MacielakMore Info
518-788-0249

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