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403 Pleasant Street, Windham (Willimantic), CT, 06226 | $1,600,000
NEW TO THE MARKET. . . MONEY MAKING PORTFOLIO iin Windham with 16 UNITS & 6-1 Bay Detached garages consisting of 4 Buildings w/4 units per building within less than . 5 miles from each other, with the possibility of adding an additional 3 units to make a total of 19 units with over 11, 000 sqft for all buildings. Tenants pay heat, Hot water & electricity. LOW expenses for the owner with LOTS OF PROFIT left over and the potential to bring the profit to approx 25k a month & 300k a year or higher. Combination of leased and month to month tenants in place. . . ALL UNITS ARE FULLY RENTED. Buildings consist of 146 Chapman- has the 6 bay garage, large parking in the back w . 44 ac, possible 5th unit, 403 pleasant st- large parking lot in the back w. 25 ac, possible. 5th unit, (featured picture), 36 Taylor Ct- has its own driveway for parking w/ . 20 ac lot, possible 5th unit, sits privately & 20 Spruce st has . 10ac Amazing opportunity to buy in BULK and have all your units close by. City Water & CITY Sewer. If your looking for a smaller portfolio thats no problem, seller will combine pleasant & Taylor for 8 units total for 799k and Chapman & Spruce for 8 units total at 799k. All properties have separate deeds and lots. Acreage, taxes, year built on this listing is for only pleasant st. Also will be listed as 2- 8 units for sale separately. Some info inputted will vary & may reflect all or individual properties. Specifics upon request. Close to ESCU, Hartford, Boston & all major route Chapman st- seller pays for the hot water. Runs approx 50 dollars a month. All other buildings tenants pay hot water.
Features
- Town: Windham
- Rooms: 65
- Bedrooms: 29
- Baths: 17 full
- Units: 16
- Style: Units on different Floors
- Year Built: 1900
- Garage: 6-car Detached Garage,Driveway
- Heating: Baseboard,Hot Air
- Cooling: None
- Basement: Full,Unfinished
- Above Grade Approx. Sq. Feet: 11,052
- Acreage: 0.44
- Est. Taxes: $4,795
- Lot Desc: Level Lot
- Elem. School: Per Board of Ed
- High School: Per Board of Ed
- MLS#: 24063470
- Days on Market: 9 days
- Website: https://www.raveis.com
/prop/24063470/403pleasantstreet_windham_ct?source=qrflyer
Listing courtesy of Signature Properties of NewEng
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 81725
203.980.8025
Frank.Kolb@raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
Ray CashenPresident, William Raveis Attorney Network
203.925.4590
For homebuyers and sellers, our Attorney Network:
- Consult on purchase/sale and financing issues, reviews and prepares the sale agreement, fulfills lender
requirements, sets up escrows and title insurance, coordinates closing documents - Offers one-stop shopping; to satisfy closing, title, and insurance needs in a single consolidated experience
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403 Pleasant Street, Windham (Willimantic), CT, 06226
$1,600,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Frank Kolb
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $1,280,000 | $1,280,000 | $1,280,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.625% | 6.375% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.795% | 6.472% | 6.032% |
| Monthly Tax Payment | $400 | $400 | $400 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $7,368 | $7,986 | $10,715 |
| Total Monthly Payment | $7,893 | $8,511 | $11,240 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
CT Mortgage Correspondent Lender License 15524