41 days on market
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172 Middle Turnpike, Manchester CT 06040

Current Price: $549,900

3 beds 2 baths 1600 sq. ft

Last Update: 11/21/2024

Property Type: Multi-Family For Sale

Public Remarks

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

Map to Property at 172 Middle Turnpike, Manchester CT 06040


Middle Tpke West

Residential Property Information for 172 Middle Turnpike, Manchester CT 06040

MLS #: 24044312

Style: Other

Color:

Total Rooms:

Bedrooms: 3

Bathrooms: 2

Acres: 0.18

Year Built: 1900 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $5,419

Zoning: B2

Mil Rate:

Assessed Value: $140,100 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 1600; below grade sq feet total is ; total sq ft is 1600

Features
Fireplaces: 0
Basement Desc.: None
Exterior Siding: Other
Foundation: Concrete
Roof: Asphalt Shingle,Other
Garage/Parking Type: None
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Corner Lot
Occupied: Tenant
Utility Information

Hot Water System Other

Heat Type: Baseboard,Radiator,Other

Fueled By: Electric,Natural Gas.

Cooling: Window Unit

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Per Board of Ed

Marketing History

Current List Price: $549,900

Original List Price: $529,900

DOM: 41

Listing Date: 8/27/2024

Last Updated: 10/25/2024 2:02:14 PM

Listing Agent and Broker

List Agent Name: Harry Finer

List Office Name: William Raveis Real Estate