$549,900 ($343.69 per sqft)

Est. Mortgage $2,709/mo *

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Price History

$529,900
8/27/2024

$549,900
10/25/2024


172 Middle Turnpike West, Manchester, (West Side), CT, 06040

172 Middle Turnpike West, Manchester, (West Side), CT, 06040

3 beds

2 Full baths

1900

Other

1,600 sqft

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


Status:

Active

Town:

Manchester

Type:

Multi-family

Units:

2

Zoning:

B2

Heating:

Baseboard, Radiator, Other

Cooling:

Window Unit

Basement:

None

Acreage:

0.18

Est. Taxes:

$5,419

Assessment

$140,100

Lot Description:

Corner Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

40

MLS #:

24044312


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