Price Reduced 9.55%
Price History
$1,100,000
8/2/2024
$995,000
11/5/2024
175 Main Street, Winchester, (Winsted), CT, 06098
0 beds
7 Full baths
1900
10,432 sqft
Addresses include 175 Main Street and 183 Main Street in Winsted, CT. Amazing opportunity to acquire a 9 Unit Asset (7 Apartments + 2 Retail) in Winsted with anchor tenant Noli's Restaurant (Rent $2,266 w 3% increase/year) w over 20 years in business! Pride of Ownership is evident with Capital Improvements made by the current owners, including: new water heaters, heating zones, electrical upgrades, fire rated tenant main doors & new fire alarms/strobes in both buildings. The unit mix is: 1, 4 bedroom ($1,100); 4, 2 bedrooms ($1,000; $1,050; $900; the other can be rented for up to $1500 per month) and 2, 1 bedroom units ($950 each). The 175 Main St had a roof replacement in 2021, a privacy fence enclosure installed & all 4 residential units have gone through renovations. 183 Main St has had a roof replacement in 2023, aft wall structural repair, new studs, insulation, beams & siding. 183 2A has been refurbished. One retail space is leased to Noli's Restaurant which has a patio. Noli's pays their heat and electric. The current owner leased the second retail space to Northwest Soup & Deli ($1500 then $1650 on 1/1/2025) and this establishment has all new equipment. They pay their own electric and a fixed gas, water/sewer reimbursement to the Owner. The residential tenants pay their electric. Owners are very meticulous and detail oriented. This is a seamless opportunity to own a well-run asset. Properties being sold together.
Status:
Active
Town:
Winchester
Type:
Commercial
Units:
9
Zoning:
TC
Frontage:
State Road,Municipal Street,Paved Road
Heating:
Baseboard
Cooling:
Central Air, Window Unit
Acreage:
0.13
Est. Taxes:
$5,322
Assessment
$195,370
Utilities
Electric,Gas,Telephone,Cable
Lot Description:
Level Lot
Days on Market:
111
MLS #:
24037186
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School Info
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Listing courtesy of Ryan Rea, Berkshire Hathaway NE Prop. Email: ryanrearealtor@gmail.com