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$ 465,000
Est. payment /mo
Under Contract
365-367 Putnam Road Plainfield, CT 06239
8 Beds
3 Baths
4,272 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,272 sqft
Price per Sqft $108
MLS Listing ID 24154093
Style Units are Side-by-Side
Bedrooms 8
Full Baths 3
Year Built 1877
Annual Tax Amount $4,067
Lot Size 2.300 Acres
Property Sub-Type 2 Family
Property Description
Looking for easy, low maintenance and low overhead - this fully remastered, High-Yield Two-Family Investment located on the Danielson boarder...Renovated from roof down with only $4k in annual taxes; This investment offers exceptional scale, condition, and income potential. With a gross expected rent of $79k/year, our expected cap rate comes in at 13%. Each unit is configured as a massive four-story townhome, featuring 3 BR layouts that live and sleep like four, delivering flexible living space and strong rental appeal. The property also includes four garage bays, providing an additional income stream and enhancing overall yield. When fully leased across both residential units and all garage bays, the property demonstrates strong investment performance, with projected returns outlined in the attached pro forma. The pro forma details rental assumptions, garage income, and operating considerations for a clear view of the property's income potential. Just beyond the garage in the rear of the property includes an overgrown tennis court. Due to zoning, this Conveniently located within walking distance to a mini mart and package store, and minutes to Interstate 395, the property offers both accessibility and neighborhood convenience. A rare opportunity to acquire a turnkey, income-producing multi-family asset with multiple revenue streams, scale, and upside - Massive lot with 2.4 acres.
Location
State CT
County Windham
Zoning RA19
Rooms
Basement Full, Unfinished
Interior
Heating Hot Air
Cooling None
Exterior
Exterior Feature Porch-Enclosed, Shed, Porch, Deck
Parking Features Detached Garage
Garage Spaces 4.0
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot
Foundation Block
Sewer Septic
Water Public Water Connected
Schools
Elementary Schools Moosup
Middle Schools Plainfield
High Schools Plainfield
Listed by Kyle Neumann • Houlihan Lawrence
NEARBY SCHOOL & BUSINESS