50 North St Manchester, CT 06042
Five-unit multifamily property in Manchester, Connecticut, with value-add potential.
Lot size:
0.23 AcresProperty Features for 50 North St
General Information
- Lot size
- 0.23 Acres
Building Details
- Year built
- 1900
Source:
Elliman
Listing 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
Location Insight
- Map
- Local Demand
- City
- Manchester
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.527712
- Latitude
- 41.7973129
Nearby Similar for Sale
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