369 Valley St, Willimantic, CT 06226

7 Baths / Multiple Family

Property Status: Available |  For Sale: $460,000.00

Property Photos

7 unit 17beds; major renovations done; CASH COW; Seller Financing possible

Property Status:
This Property is currently...
  • Status: Available
  • For Sale: $460,000.00
Property Details:
7 Baths / Multiple Family
Property Style:
5+ Units
Year Built:
Finished Sq Ft:
Unfinished Basement
Owner / Agent:
Owner / Agent
Property Features:
Contact Info
Willimantic Rentals LLC
(516) 457-3475

View on Individual's Website
Property Description:

7 unit building consists of: (1) office space with kitchen and full bathroom +/- 850sqft, (2) 2 bed 1 bath +/- 850sqft, (4) 3 bedroom 1 bath +/- 850sqft

Each apartment has 2 means of egress, 1 main stairwell in the middle of the building which leads down to individual mailboxes, and another entrance/exit at the rear of the building which leads out to a deck area for each unit.

New Roof November 2020 (pictures are of the old roof), New Boiler 2012, New Upgraded elcetrical service for all units 2012, New renovated bathrooms in all units over the past 5 years when time was right, rear deck has been replaced 2020, Open Concept apartments with new flooring in certain apartments, Office features a bathroom and kitchen in a seperate area which was renovated 2018. Office is deemed commercial space so it is perfect for a new owner to come in and use as an office or rent out as storefront or turn into an apartment.

Some apartments are below market rent. ($6,350 current; $8,400 proforma fully rented)

Building is within walking distance to downtown, campus, supermarket and hospital.

Perfect opportunity to acquire this Cash Cow ($6,350 monthly). One apartment under renovation, and one apartment used as a Room Rental. Under rented. Some units are already rented out for next year at a higher rent.

Legal Disclaimer:
CT Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

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