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