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50 North St Manchester, CT 06042

For Sale
$575,000

Five-unit multifamily property in Manchester, Connecticut, with value-add potential.

Lot size:
0.23 Acres

Property Features for 50 North St

General Information

Lot size
0.23 Acres

Building Details

Year built
1900

Source: Coldwell Banker Realty Agent Preston B. Roth

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Fully Occupied Multifamily Investment Opportunity

This is an investment opportunity to acquire a fully occupied five-family property located in Manchester, Connecticut. The property has undergone several updates in recent years, including a garage roof replacement two years ago, furnace replacements for the first-floor apartments within the past three to four years, and updated electrical panels. The property is currently configured and rented as all single-bedroom units. There is potential to renovate the units into two-bedroom configurations, which could increase the yearly rent roll. The property has a solid, established rent roll with a value-add opportunity.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Manchester
County
Hartford
State
Connecticut
Longitude
-72.527712
Latitude
41.7973129

FAQs

What type of property is this?
Apartment building - Five-unit multifamily property in Manchester, Connecticut, with value-add potential.
Where is this apartment building located?
The property is located at 50 North St Manchester, CT.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: - Fully occupied 5-family property in a desirable area of Manchester; - Opportunity to increase rent roll by converting units to 2-bedroom apartments; - Below market rents provide immediate value-add potential
More about this property
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