122 W Main St - Apartments FOR SALE


Plainville, CT 06062
$675,000 USD
203-314-4219
122 W Main St, Plainville, CT for Sale
$675,000 USD
Apartments - FOR SALE
1/30
null | 6.38% Cap Rate

122 W Main St
Plainville, CT 06062


HIGHLIGHTS

  • Nice Location
  • Turn Key
  • Stable Tenants
  • Separate & Tenant Paid Electric
  • Paved & Off-Street Parking
  • Below Market Rents = Upside

OVERVIEW

Rare opportunity to own a turn-key, 5 unit asset in Plainville with a two-car detached garage and off-street parking. The property features 1 and 2 bed/1 bath apartments with various unit updates throughout, including: kitchens, baths, flooring, paint, interior doors, etc.. The roof is from 2008. The heat & hot water for 4 units is an oil boiler (Twin 330's - 2017) Owner paid. Apt 5 is a gas fired furnace (2016) for heat & hot water, tenant paid. There is all updated electrical w/100 amp service to each apartment and replacement windows throughout. The property also features a paved driveway + ample parking. This is a great location, close to dining, shopping, park, schools, downtown, Fire Dept, Library and so much more! TURN KEY investment opportunity w/stabilized tenants; won't last!

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$160 USD /SF

# OF UNITS

5

PRICE/UNIT

$135,000

CAP RATE

6.38%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1930

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

CC

APN/PARCEL ID

PLAI-000028-C000000-000002

ASK ABOUT THIS PROPERTY

Amanda SheehanOxford RealtyMore Info
203-314-4219

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Amanda SheehanOxford RealtyMore Info
203-314-4219

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