Active

172 Middle Turnpike West

Manchester CT, 06040

$549,900


$343.69 per sqft

Active

3 Beds

2 Baths

1,600 sqft

Other

Built in 1900

Investment opportunity ! This property has two buildings located in a high traffic area with great convenient access. Both buildings have been renovated and are currently leased, providing a reliable return on investment of 10% or more. The properties consist of retail, commercial, and residential spaces, catering to a diverse range of tenants and ensuring a steady income stream. Additionally, the corner lot location offers excellent visibility and accessibility, further enhancing the appeal of this investment. One of the key advantages of these buildings is the presence of a bus stop on the corner, making it a highly desirable location for both tenants and customers. With leases already in place, investors can benefit from immediate cash flow and the security of long-term tenancy agreements. This stability, combined with the potential for future rental growth, makes these buildings an attractive proposition for those seeking a reliable and lucrative investment opportunity. We invite you to explore this opportunity further and discover the potential for substantial returns in a prime location. Property is comprised of (2) Buildings: 1. 172-174 Middle Tpke West Manchester (1) Retail Store and (1) 2 Bedroom Apartment 2. 10 Essex Street (1) 1 Bedroom remodeled Apartment, (1) Retail Store and (1) Commercial Shop (HVAC Contractor) Property also listed as MLS 24041966

24044312

MLS ID

September 4, 2024

Listed

October 25, 2024

Updated

Map

172 Middle Turnpike West
Manchester CT, 06040

Interior Features

Bedrooms

3


Total Bathrooms

2


Full Bathrooms

2


Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Electric, Natural Gas, Baseboard, Hot Water

Exterior/Building Features

Lot Size

0.18 Acres


Lot Features

Corner Lot


Architectual Style

Other


Roof

Asphalt


Sewer

Public Sewer

School Information

High School

Per Board of Ed


Elementary School

Per Board of Ed

Other Property Details

Area Name

West Side


Taxes

$5,419


Tax Frequency

Annually


Days on Market

14


Garage

No


Parking

None


View

No


County

Hartford


Water Source

Public


Pool

No


Zoning

B2

Listing History

Date

Event

Price

10/25/2024

Price change

$549,900

3%

10/25/2024

Active

9/10/2024

Pending

Listed by Harry Finer with William Raveis Real Estate

Listing Contact: 8608824911 

The IDX display contains information sourced from the  Smart MLS, Inc as of 10/25/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 10/25/2024 at 6:51 PM UTC

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