433 Main Street

New Hartford, Connecticut 06057

Status
For Sale
Square Feet
2,699
Beds
5
Price
$559,000
Type
Multi-Family For Sale
Garages
Baths
4
MLS
24148826

Price

$559,000

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Interior Details

Interior Size
2,699 Sq Ft
Bedrooms
5
Bathrooms
4
Rooms Total
Garage

Exterior Details

Lot Size
0.31 Acres
Roof
Asphalt Shingle,Fiberglass Shingle
Sewer
Public Sewer Connected
Construction
Construction
Cooling
Heat Pump

Other Information

Property Tax
$6,943
Assessed Value
$243,880
Elementary School
Per Board of Ed
Middle School
NULL
High School
Per Board of Ed

About Property

Prime mixed-use commercial property located on Main Street with excellent visibility, close to amenities, and ample on-site parking. Property features four units plus a detached two-bay garage, all fully occupied. Residential units include two one-bedroom apartments and one two-bedroom apartment, along with a commercial space suitable for a variety of uses. Extensive renovations completed throughout including all new plumbing, electrical, heat pump systems, water heaters, separate utility meters, new kitchens, bathrooms, and a new common laundry room. Detached two-bay garage is also leased, providing additional income. Strong investment opportunity with multiple income streams, minimal deferred maintenance, a 7.8% cap rate, and a pro forma cap rate of 8.1%.
Listed by OwnerEntry.com, David White. Data sourced from SmartMLS

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