For Sale

Listed by Amanda Faroni from Vanguard Private Client Grp

Source: SmartMLS Connecticut #170452227

190 West Stafford Road, Stafford Springs, CT, 06076

$299,900

9
5
0.43 ac.

MultiFam

30+ days on the market

What's around 190 West Stafford Road

About this property

Rare opportunity to purchase a 5 unit investment property in Stafford with 17% ROI. The property consists of: (1) 3 Bed Unit, (2), 2 Bed Units and (2) 1 Bed Units – 100% occupied with all long term tenants. There is propane hot water for all units + propane heat for four of the apartments and electric for one unit. All the utilities are separate and tenant paid. LOW EXPENSES: well water, septic + no owner’s meter electric. The windows are approx. 12-years-old and the roof is approx. 10-years-old. Two units were renovated within the last 2-3 years and two units were renovated within the last 10 years. There is a large yard with shed in the rear for storage + lots of off-street parking. Good opportunity to own in a more residential area with stable tenant base and 8.5% CAP rate. Also listed as COMM MLS # 170452618.

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