Price Reduced 8.18%

$550,000 ($187.20 per sqft)

Under Contract - Continue to Show

Est. Mortgage $2,745/mo *

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Price History

$599,000
9/16/2024

$550,000
10/7/2024

229 Route 163, Montville, CT, 06382

229 Route 163, Montville, CT, 06382
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16 rooms

8 beds

4 Full baths

1920

Units on different Floors

2,938 sqft

This multifamily gem is ready to seamlessly integrate into your portfolio and start generating income immediately! Each unit has been recently renovated, and the property features new siding, an updated common laundry area, and fresh decking throughout. Currently, all units are occupied by highly qualified tenants with an impeccable rental history, and tenants cover their own utilities. Landlords are responsible for trash, sewer, and common area electricity. With the potential for rent increases and the added advantage of being zoned for 4-8 units, there are exciting possibilities for future expansion. This opportunity is primed to enhance your investment portfolio with minimal immediate hassle!

Status:

Under Contract - Continue to Show

Type:

Multi-family

Laundry Remarks:

Common Laundry Area

Units:

4

Zoning:

R20

Heating:

Baseboard

Cooling:

None

Basement:

Full

Acreage:

1.46

Est. Taxes:

$4,380

Assessment

$157,710

Lot Description:

Lightly Wooded,Sloping Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

52

MLS #:

24046959

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Madelyn Pope, RE/MAX ONE Email: maddypopere@gmail.com