Prime Investment Opportunity in Downtown Plainville! Welcome to 1 Whiting Street, a premier mixed-use property in the heart of Plainville. This building features ten one-bedroom apartments, two studio apartments, and ten storefront retail spaces, generating an impressive $199,106 in net annual income. Situated directly across from the Town Hall and a planned 200-unit apartment complex, this property boasts unparalleled visibility and accessibility, with steady foot traffic and a prime position in Plainville's growing downtown. The blend of residential and retail units makes this an ideal investment for stable cash flow and long-term growth potential. Don't miss this rare chance to own a vibrant piece of Plainville's future!
Frontage:
State Road,Municipal Street
Garage:
Paved, Off Street Parking, Parking Lot
Cooling:
Split System, Window Unit
Current Use
Stores, restaurant, apartments, offices
Utilities
Electric,Gas,Telephone,Cable
Lot Description:
Corner Lot,Level Lot
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Listing courtesy of Jacek Mikolajczyk, Berkshire Hathaway NE Prop. Email: jacekmikolajczyk@bhhsne.com
1 Whiting Street, Plainville, CT, 06062
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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