262 Route 163 (Oakdale Road

    Montville, CT 06382
    • $279,900
    • STATUS: Active
    • ON SITE: 912 days
    • MLS #: E10215015
    UPDATED: 46 min ago
    $279,900
    • 6
      BEDS
    • 1.74
      ACRES
    • 2
      BATHS
    • 2
      1/2 BATHS
    • 3,376
      SQFT
    • $83
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1945
    County:
    Area:

    School Information

    Elementary School:
    High School:

    Description

    Unique opportunity to own a multi-use property and enjoy waterfront! Total 4 rental incomes: Units 1 & 2 is a residential 2-family building; Unit 3 is the commercial building currently used for a restaurant (building only, business is not for sale); Unit 4 is a separate commercial parking lot rental currently rented to a trucking repair company. All separate utilities. Public water & sewer hooked up. Good condition with many newer upgrades. Everything is leased with great cash flow! $40,000 year income! Cap rate about 12%! May require a commercial loan if using a lender.

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    © 2019 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carbutti & Co Realtors. Data last updated: 2019-10-23T14:10:32.057.
    www.carbuttirealestate.com/homes/71906291

    262 Route 163 (Oakdale Road Montville, CT 06382

    • Price: $279,900
    • Status: Active
    • Updated: 46 min ago
    • MLS #: E10215015
    6
    Beds
    2
    Baths
    2
    ½ Baths
    1.74
    Acres
    3,376
    SQFT
    $83
    $/SQFT
    1945
    Built
    Neighborhood:
    Uncasville
    County:
    New London
    Area:
    Montville
    Elementary School:
    Pboe
    High School:
    Pboe
    Property Description
    Unique opportunity to own a multi-use property and enjoy waterfront! Total 4 rental incomes: Units 1 & 2 is a residential 2-family building; Unit 3 is the commercial building currently used for a restaurant (building only, business is not for sale); Unit 4 is a separate commercial parking lot rental currently rented to a trucking repair company. All separate utilities. Public water & sewer hooked up. Good condition with many newer upgrades. Everything is leased with great cash flow! $40,000 year income! Cap rate about 12%! May require a commercial loan if using a lender.
    Exterior Features

    Color Stone Driveway Type AsphaltCrushed StonePaved Exterior Features Garden AreaPatio Exterior Siding StoneVinyl Siding Lot Description Level LotOpen LotWater View Parking Total Spaces 18 Style Units On Different Floors Waterfront Description FrontageRiverDirect Waterfront

    Interior Features

    Attic Description Walk-Up Attic Yn No Basement Description Full Heat Type RadiatorSpace Heater Hot Water Description DomesticElectric Interior Features Cable - Available Laundry Room Location First Floor

    Property Features

    Bank Owned Property Yn No Direct Waterfront Yn No Documents Available Legal DescriptionOther Energy Features Thermopane Windows Entry Description Individual Private Exclusions Diner Business ExcludedBuilding Only is For Sale Fuel Tank Location Above Ground Garage Parking Info Off Street Parking Heat Fuel Type OilPropane Hoa Yn No Landlord Responsibility InsuranceMaintenance/RepairsReal Estate TaxesSewerTrash ServiceWater Laundry Room Info Washer/Dryer Some Units Lease Purchase Yn No Possession Availability Negotiable Potential Short Sale Yn No Property Sub Type 4 Family Property Tax 5748 Radon Mitigation Air Ynu No Radon Mitigation Water Ynu No Sewage System Public Sewer Connected Sign Yn Yes Swimming Pool Yn No Water Source Public Water Connected

    Listing information © 2019 Smart MLS
    Listing provided courtesy of Jan Ledoux of Randall, Realtors-Christie's.


    © 2019 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carbutti & Co Realtors. Data last updated: 2019-10-23T14:10:32.057.
     
    Carbutti & Co Realtors
    72 South Main Street
    Wallingford CT, 06492