Wolcott, CT 06716,1259 Wolcott Road

$600,000

$599,900

Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

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

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit

Our team is ready to help you sell your home for the highest possible price ASAP


Listed by Tyler DeVecchis • Berkshire Hathaway NE Prop.
Bought with Tyler DeVecchis • Berkshire Hathaway NE Prop.
agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

GET MORE INFORMATION

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.