$600,000
$599,900
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6 Baths
3,281 SqFt
SOLD DATE : 07/03/2024
Key Details
Sold Price $600,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 3,281 sqft
Price per Sqft $182
MLS Listing ID 24011438
Sold Date 07/03/24
Full Baths 6
Year Built 1950
Annual Tax Amount $6,671
Lot Size 1.370 Acres
Property Description
Located in Wolcott, CT, this large multifamily property at 1259 Wolcott Rd. offers a practical investment opportunity with its six units, each featuring two bedrooms and one bathroom. The living spaces are efficiently designed, providing comfortable accommodations for residents. Recent upgrades to the property include a new rear deck, updated bathrooms, and improved exterior lighting, enhancing the overall living experience for tenants. The property boasts a spacious backyard with access to a forest trail, offering outdoor space for residents to enjoy. The septic system and well are in good condition, having been inspected just a year ago. Each unit has its own electrical meter, and there is an additional owner panel, with common charges ranging from $32-40 per month. The owner is responsible for the heat and gas utilities, serviced by a single meter. With new boilers and hot water heaters in place, as well as a roof that is approximately three years old, the property is well-maintained and ready for continued use. Currently at 100% occupancy, this multifamily residence in Wolcott represents a solid investment with steady rental income. The current rents are below market rate and can be raised to $1500 per unit.
Location
State CT
County New Haven
Zoning GC
Interior
Heating Baseboard, Hot Air
Cooling Window Unit
Exterior
Utilities Available Electric, Electric Available, Gas, Gas Available
Roof Type Asphalt Shingle
Building
Lot Description Dry
Story 2
Foundation Concrete
Sewer Septic
Water Private Well
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Bought with Tyler DeVecchis • Berkshire Hathaway NE Prop.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "