$529,900
Active Under Contract
23 Days Online
3 Beds2 Baths1,600 SQFT
Active Under Contract

172 Middle Turnpike W Manchester, CT 06040

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Investment opportunity ! This property has two buildings located in a high traffic area with great convenient access. Both buildings have been renovated and are currently leased, providing a reliable return on investment of 10% or more. The properties consist of retail, commercial, and residential spaces, catering to a diverse range of tenants and ensuring a steady income stream. Additionally, the corner lot location offers excellent visibility and accessibility, further enhancing the appeal of this investment. One of the key advantages of these buildings is the presence of a bus stop on the corner, making it a highly desirable location for both tenants and customers. With leases already in place, investors can benefit from immediate cash flow and the security of long-term tenancy agreements. This stability, combined with the potential for future rental growth, makes these buildings an attractive proposition for those seeking a reliable and lucrative investment opportunity. We invite you to explore this opportunity further and discover the potential for substantial returns in a prime location. Property is comprised of (2) Buildings: 1. 172-174 Middle Tpke West Manchester (1) Retail Store and (1) 2 Bedroom Apartment 2. 10 Essex Street (1) 1 Bedroom remodeled Apartment, (1) Retail Store and (1) Commercial Shop (HVAC Contractor) Property also listed as MLS 24041966

  • Property TypeMulti-Family
  • NeighborhoodWest Side
  • CountyHartford
  • Taxes$5,419
  • HOA/Condo/Coop Fees$0
  • Days on Site22 Days
  • MLS StatusActive Under Contract
  • MLS ID Number24044312
  • Home Size Source N/A
  • Year Built1900
  • Lot Size0.18 Acres
  • Full Baths2
  • Partial BathsN/A

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General Features

  • Style Other
  • Construction Other
  • Parking None
  • Sewer Public Sewer
  • Basement None
  • Acreage 0.18
  • Water Public
  • Foundation Concrete Perimeter
  • Zoning B2

Interior Features

  • Cooling Window Unit
  • Heating ElectricNatural GasBaseboardRadiatorOther
  • Fireplaces 0

Exterior Features

  • Roof AsphaltOther
  • Waterfront Property No
  • Waterfront Features Not Applicable
  • Lot Corner Lot

Schools

School District
Unknown
Elementary School
Per Board of Ed
Middle School
Unknown
High School
Per Board of Ed

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Monthly Payment (Est.)

$2,563
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