Rare investment opportunity in the heart of Springfield! This 14 unit property offers a blend of historic character & modern functionality. The front building, built 1910, features 6 units with timeless charm including original woodwork & decorative fireplaces - plus a large, finished attic unit offering additional rental income potential. Connected at the rear, the 1975-built addition has 8 units, each with tenant paid electric. The property has recently received many updates including a 5 year old high efficiency boiler (owner paid heat/hot water), along with a newer on-demand hot water system. Several units have been recently renovated & the back building has been sub-metered to enhance operational efficiency. There is a large basement with space for on-site office build-out as well. With ample off-street parking and a convenient location near public transportation, employers, and major highways, this is an ideal investment opportunity in a thriving multifamily market!
Listing Courtesy of MLS PIN / Century 21 Allpoints Realty / Maddy Ceruti
$614,900
N/A Area Multi-Family Home
Active
122 West Main Street Plainville, CT 06062
7 Bed
5 Baths
3021 sqft
MLS# 24113626
Fantastic investment opportunity in a prime downtown Plainville location! Just 3.5 miles from ESPN and close to restaurants, shops and major highways. This 5 unit property features 4, 1 bed/1 bath units and 1, 3-4 bed/1 bath unit, currently available for an owner occupant or to fill with your own tenant. Tenants pay their own electric and the owner covers oil heat/hot water for 4 units (twin 330-gallon oil tanks; 2017 boiler). The 5th unit is separately heated with a gas furnace (2016) and is tenant paid. Plenty of off-street parking and just a short walk to downtown. Currently cash flowing for your investment needs and solid upside in rental income-don't miss this one!
Listing Courtesy of SMART MLS / Century 21 Allpoints Realty / Maddy Ceruti