34 days on market
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1286 Boston Post Road, Westbrook CT 06498

Current Price: $639,000

6 beds 4 baths 2646 sq. ft

Last Update: 12/26/2024

Property Type: Multi-Family For Sale

Public Remarks

Welcome to 1286-1292 Westbrook, a fantastic multi-family investment opportunity in the heart of Westbrook! This well-maintained property offers excellent potential for both seasoned investors and first-time buyers looking to capitalize on rental income. Right on Boston Post Road this property is a rare find with its combination of location, condition, and income-generating, this property consists of 4 Separate Buildings and a total of 4 units, including a mix of 1-bedroom/3-bedroom configurations, ideal for attracting a variety of tenants. The property has been well cared for, and 2 Units has been recently updated to ensuring low maintenance costs for years to come. Income Potential: With a strong rental history and high demand for rental units in the area, this property presents a unique opportunity for generating consistent cash flow. Current rents total $ 60,000 annually, with room for potential increases. Solar System for extra income. This is a Prime Location Conveniently located near major highways, public transportation, shopping centers, and schools, this property offers tenants a desirable living experience with easy access to everything they need. Off-Street Parking: Ample off-street parking for tenants, a highly desirable feature in this area. This expansive lot provides space for potential future development as the zoning allow Multi use for bushiness and commercial use. Buyers to conduct their own diligence. Adjacent property is also for sale MLS 24063150

Map to Property at 1286 Boston Post Road, Westbrook CT 06498


Rt 1 Westbrook

Residential Property Information for 1286 Boston Post Road, Westbrook CT 06498

MLS #: 24061320

Style: Units are Side-by-Side

Color:

Total Rooms:

Bedrooms: 6

Bathrooms: 4

Acres: 0.33

Year Built: 1950 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $5,910

Zoning: CTC

Mil Rate:

Assessed Value: $272,360 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 2646; below grade sq feet total is 0; total sq ft is 2646

Features
Laundry Location & Info: Coin Op Laundry 
Fireplaces: 0
Attic: Pull-Down Stairs
Basement Desc.: Partial,Unfinished,Partial With Hatchway
Exterior Siding: Vinyl Siding
Foundation: Masonry,Stone
Roof: Asphalt Shingle,Shingle
Garage/Parking Type: None
Swimming Pool: 0
Waterfront Feat.: Walk to Water
Lot Description: City Views,Level Lot
Nearby Amenities: Health Club,Library,Medical Facilities,Park,Shopping/Mall,Walk to Bus Lines
In Flood Zone: 0
Occupied: Tenant
Utility Information

Hot Water System Domestic

Heat Type: Hot Water,Solar,Zoned

Fueled By: Oil.

Cooling: None

Fuel Tank Location: In Basement

Water Service: Public Water Connected

Sewage System: Shared Septic

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Per Board of Ed

Marketing History

Current List Price: $639,000

Original List Price: $639,000

DOM: 34

Listing Date: 11/22/2024

Last Updated: 12/4/2024 1:06:17 PM

Listing Agent and Broker

List Agent Name: Bob Yostos

List Office Name: Coldwell Banker Realty