68 days on market
Under Contract - Continue
More about this Property

If you are interested in more information or having a tour of this property with an experienced agent, please fill out this quick form and we will get back to you!


229 Route 163 , Montville CT 06382

Current Price: $550,000

8 beds 4 baths 2938 sq. ft

Last Update: 11/23/2024

Property Type: Multi-Family For Sale

Public Remarks

This multifamily gem is ready to seamlessly integrate into your portfolio and start generating income immediately! Each unit has been recently renovated, and the property features new siding, an updated common laundry area, and fresh decking throughout. Currently, all units are occupied by highly qualified tenants with an impeccable rental history, and tenants cover their own utilities. Landlords are responsible for trash, sewer, and common area electricity. With the potential for rent increases and the added advantage of being zoned for 4-8 units, there are exciting possibilities for future expansion. This opportunity is primed to enhance your investment portfolio with minimal immediate hassle!

Map to Property at 229 Route 163 , Montville CT 06382


GPS Friendly

Residential Property Information for 229 Route 163 , Montville CT 06382

MLS #: 24046959

Style: Units on different Floors

Color:

Total Rooms:

Bedrooms: 8

Bathrooms: 4

Acres: 1.46

Year Built: 1920 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $4,380

Zoning: R20

Mil Rate:

Assessed Value: $157,710 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 2938; below grade sq feet total is ; total sq ft is 2938

Features
Laundry Location & Info: Common Laundry Area  2nd floor, off staircase
Fireplaces: 0
Basement Desc.: Full
Exterior Siding: Vinyl Siding
Foundation: Block,Stone
Roof: Asphalt Shingle
Garage/Parking Type: None
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Lightly Wooded,Sloping Lot
Occupied: Tenant
Utility Information

Hot Water System Electric,Tank Size Unknown

Heat Type: Baseboard

Fueled By: Electric.

Cooling: None

Fuel Tank Location:

Water Service: Private Well

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: $550,000

Original List Price: $599,000

DOM: 68

Listing Date: 9/16/2024

Last Updated: 10/31/2024 6:26:18 PM

Listing Agent and Broker

List Agent Name: Madelyn Pope

List Office Name: RE/MAX ONE