CT > Windham
Windham, CT 06226,40 Elm Street
Windham, CT 06226,40 Elm Street
Windham, CT 06226,40 Elm Street
Windham, CT 06226,40 Elm Street
Windham, CT 06226,40 Elm Street
Windham, CT 06226,40 Elm Street
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Robert Wallace

Robert Wallace

+1(860) 861-0466
$ 484,999
Est. payment | /mo

8 Beds

4 Baths

4,808 SqFt

Save
$ 484,999
Est. payment | /mo
Save

8 Beds

4 Baths

4,808 SqFt

Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Active

Purchase Type For Sale

Square Footage 4,808 sqft

Price per Sqft $100

MLS Listing ID 24100884

Style Units on different Floors,Other

Bedrooms 8

Full Baths 4

Year Built 1930

Annual Tax Amount $6,613

Lot Size 10,018 Sqft

Property Sub-Type 2 Family

Property Description

ATTENTION INVESTORS!!! This incredible 10 CAP investment Opportunity for 4 units across 2 2-family properties may be exactly what you're looking for!!! Discover the potential in this centrally located low overhead property. With strong rental demand from nearby ECSU, Uconn and in the general market, vacancy will not be a problem. Tenant amenities include large backyards, with privacy and gardens. Conveniently walkable to downtown, near bus lines and ideal for investors or renovation-minded buyers looking to restore charm and build equity. Off street parking, long term tenants, and under market rents make this a Value-add asset. Add 2 more bedrooms to the top floor units and consider pro-forma rents. These are stable in place, but the sky is the limit. Combine with other listed Willimantic properties: Pleasant St., Jackson St., and Chapman St. as a 17 unit portfolio. GOI:63,000 Expenses: 10,868 NOI: 52,132 10CAP PRO Forma NOI: 77,932!!! floor plans available**

Location

State CT

County Windham

Zoning NPR2

Rooms

Basement Full

Interior

Heating Hot Water

Cooling Window Unit

Exterior

Parking Features Detached Garage

Garage Spaces 2.0

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Concrete, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Robyn Letourneau • 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! "

+1(860) 861-0466

robwallacere@gmail.com

531 Broad St, New London, CT, 06320, USA

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40 Elm Street