8 Burnham Street

Terryville CT 06786

3360 sq. ft.

0.15 ac.

Multi-Family

Currently for sale - view listing

Overview

Discover the potential of 8 Burnham Street, a unique mixed-use property offering both residential and commercial space in a convenient Terryville location. This property presents an excellent opportunity for investors seeking multiple income streams and long-term growth potential. Recent improvements include a new roof, new siding, and updated residential spaces, providing a solid foundation for the next owner. Conveniently located with access to Routes 6 and 72, local businesses, shopping, and area amenities. Existing occupancy with additional space offering lease-up potential makes this an attractive opportunity for an investor looking to expand a portfolio and capitalize on the versatility of a mixed-use property. Financial information and property details are subject to verification and buyer due diligence. Excellent investment opportunity at 8 Burnham Street, Terryville. This mixed-use income-producing property features seven units per owner, combining residential and commercial space, and offering multiple income streams. Current rent roll is approximately $93,000.00annually, with reported expenses around $17,468.00, yielding an estimated NOI of $75,832.00 Additional income potential from one garage and two storage units could add roughly $800 per month. A great opportunity for investors seeking an established, income-producing property with upside potential. Buyer to verify all financials and uses.

Features

10 bedrooms

7 bathrooms

3360 sq. ft. floor area

0.15 ac. lot size

Multi-Family

Property history for 8 Burnham Street

2016

Rented

Undisclosed

01 Dec 2016 by Berkshire Hathaway NE Prop.

Happy sellers in Terryville

We have insufficient information to provide an overview of customer satisfaction for Terryville. Viewing the agent profiles, reviews and sales for Terryville can provide insights for this location.