USACTWillimanticN/a40 Elm St
40 Elm St, Home with 8 bedrooms, 4 bathrooms and null parking in Willimantic CT | Image 1
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$484,999

40 Elm St, Willimantic, CT

Real Estate

For Sale

$--,---,---
840
  • Key Facts
  • Description
  • Map

Key Facts

Type Duplex
Levels Residential Income
Size  sqft
Garage Yes
Taxes $6,613
Days Active 31
Lot Size 
Approx. Age 1930
MLS® Number 24100884

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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**Show Description
MLS® Number24100884
Laundry LevelBasement Hook-Up(s), basement
Central VacNo
FireplaceNo
Acreage0.23
Exterior
GarageYes
Approx. Age1930
BasementFull
DrivewayDetached Garage
Garage Spaces
HeatNatural Gas, Oil, Hot Water
A/CWindow Unit
Heating Fuel

Extras

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