Another Property Sold - 215 Center Street #14, Manchester, CT 06040

by Kurt Potter 09/30/2021

215 Center Street #14, Manchester, CT 06040
Multifamily
$244,900
215 Center Street #14
Manchester, CT 06040
MLS: SmartMLS
14Beds
3Baths
4,228Sq Ft
Est. Mortgage
$1,364/mo

A super opportunity for the business minded individual. Really impressive income on this Rooming House with 12 units PLUS a 1 bedroom unit AND a store front. All at an incredible price compared to what a simple 2, 3 or 4 family is selling for in Town. Second generation Owner is listing for an incredibly reasonable price given these buildings are far and few between and can no longer be established in Town. Many very long term tenants reside here and have been here for decades. The property is located in the center of Town, on a bus line, and walking distance to shopping and dining establishments. Three car detached garage for added income. Shared kitchen for rooming house tenants, along with 3 bathrooms. Heat, hot water & electric are all paid for by the owner and included in rental price for the rooming house tenants. The store and 1 BR unit pay some of their own utilities. Fire Marshal inspections done annually and all up to code. Ask your agent to see the income vs expenses worksheet and the floor plans. Financing for a rooming house or proof of funds to pay with cash should be firmly in place prior to viewing this property as there are multiple tenants. This really is a HOME RUN for the business minded investor!!

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About the Author
Author

Kurt Potter

Hi, I'm Kurt Potter and I'd love to assist you. Whether you're in the research phase at the beginning of your real estate search or you know exactly what you're looking for, you'll benefit from having a real estate professional by your side. I'd be honored to put my real estate experience to work for you.