88 Main Street, East Windsor, Connecticut 06016

$275,000
4,721
SqFt
Sold Price
$275,000
List Price
$275,000
Status
CLOSED
MLS#
170463171
Closing Date
May 13, 2022
Year Built
1875
Style
Units on different Floors, Units are Side-by-Side
Acres
0.84
Living Area
4,721

Property Description

100% occupied & value add?! Ideal opportunity to acquire an investment and create instant equity. This asset features 7 occupied units with an 8th approved unit (this is a legal 8 unit). The unit mix consists of: 5, 1 bedroom/1 bathroom units; 2, Studio/1 bathroom units; and, 1, 4 Bedroom/1 bathroom unit. The asset has brand new Navien Combo Heat & Hot Water Systems (owner paid but could be split). Owner pays electric currently and has started separating electric for all units. The seller has purchased a 9 bank electric meter bank and the new owner is able to finish and have tenants pay electric. The leases state that owner has right to have tenant pay electric with rent adjustment of $25 lower per month. The approved 8th unit is set up for separate electric heat and hot water and estimate to finish the unit is around $6k. The property has new propane tanks and off street parking as well! There is so much value to come with this property! 88 Main can be purchased together with 136 Main Street (MLS#170463173).

Additional Information

Days on Market
4
Taxes
$7,064
Lot Size
36,590
Waterfront Desc
Not Applicable
Heating
Baseboard
Fuel Type
Propane
Cooling System Type
Window Unit
Sewer
Public Sewer Connected
Water Source
Public Water Connected
Basement
Partially Finished, Walk-out, Apartment
Exterior
Aluminum
Elementary School
Broad Brook
High School
East Windsor

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Maddy Ceruti from Berkshire Hathaway NE Prop.

Listing courtesy of Maddy Ceruti from Berkshire Hathaway NE Prop.

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