For Sale

Listed by Diego Quintero from Great Estates, CT

Source: SmartMLS Connecticut #170438328

44 East Cedar Street, Newington, CT, 06111

$430,000

6
3
0.51 ac.

MultiFam

30+ days on the market

What's around 44 East Cedar Street

About this property

Amazing opportunity to own in Newington Center within walking distance to so many great places to be social. Check out the huge flat lot with so much space in the back yard, maybe to add more units or install a backyard oasis! The house is currently considered a three family home but is easily convertible to a single family home with a private, detached in-law suite. This can be accomplished by converting the kitchen in Unit B (on the main floor) to another bedroom. Excellent location for walking or taking the bus to local amenities, restaurants, etc. The income potential is currently $4,400 gross-monthly with low expenses (9.93 CAP Rate). Please see attached proforma for current configurations and market rents. The home is fantastic! Both structures have been extensively renovated with vinyl windows, new siding, and a new roof recently installed on the main home. There are hard wood floors throughout the main home and vinyl/carpet in the in-law suite. The property is multi-faceted as it can easily be used as owner occupied or as an income earner. Currently the heating is electric throughout with natural gas run up to the home for convenient hook-up. Come experience Newington at its best! Right down-town!

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