172 Middle West
Manchester, CT 06040
- 3 beds
- 2 baths
- 1,600 sqft
- 7,841 sqft lot
- $343 per sqft
- 1900 build
- – on site
Investment opportunity ! This property has two buildings located in a high traffic area with great convenient access. Both buildings have been renovated and are currently leased, providing a reliable return on investment of 10% or more. The properties consist of retail, commercial, and residential spaces, catering to a diverse range of tenants and ensuring a steady income stream. Additionally, the corner lot location offers excellent visibility and accessibility, further enhancing the appeal of this investment. One of the key advantages of these buildings is the presence of a bus stop on the corner, making it a highly desirable location for both tenants and customers. With leases already in place, investors can benefit from immediate cash flow and the security of long-term tenancy agreements. This stability, combined with the potential for future rental growth, makes these buildings an attractive proposition for those seeking a reliable and lucrative investment opportunity. We invite you to explore this opportunity further and discover the potential for substantial returns in a prime location. Property is comprised of (2) Buildings: 1. 172-174 Middle Tpke West Manchester (1) Retail Store and (1) 2 Bedroom Apartment 2. 10 Essex Street (1) 1 Bedroom remodeled Apartment, (1) Retail Store and (1) Commercial Shop (HVAC Contractor) Property also listed as MLS 24041966
Listing courtesy of SMART_MLS / Harry Finer / William Raveis Real Estate
Last checked:
Checking…
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Last updated Nov 17, 2024
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MLS# 24044312 —
The Building
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Year Built:1900
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Year Built Source:Public Records
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New Construction Type:No/Resale
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Style:Other
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Roof Information:Asphalt Shingle, Other
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Attic:No
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Exterior Siding:Other
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Foundation Type:Concrete
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Basement Description:None
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SqFt Total:1600
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SqFt Est Heated Above Grade:1600
Location
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Directions:Middle Tpke West
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Neighborhood:West Side
The Property
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Parcel Number:2132783
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Property Type:Multi-Family For Sale
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Property Subtype:Other
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Zoning:B2
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Acres:0.18
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Acres Source:Public Records
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Lot Description:Corner Lot
Listing Agent
- Contact info:
- Agent phone:
- (860) 633-0111
Taxes
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Tax Year:July 2024-June 2025
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Property Taxes:5419
Beds
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Beds Total:3
Baths
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Total Baths:2
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Full Baths:2
The Listing
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https://youtu.be/nMTptpG_5rs?si=YbSHT9WY1Q64WKL2
Heating & Cooling
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Heat Type:Baseboard, Radiator, Other
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Heat Fuel Type:Electric, Natural Gas
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Cooling System:Window Unit
Utilities
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Water Source:Public Water Connected
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Sewage System:Public Sewer Connected
Schools
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Elementary School:Per Board of Ed
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High School:Per Board of Ed
The Community
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Swimming Pool:No
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Direct Waterfront:No
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Waterfront Description:Not Applicable
Parking
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Garage/Parking:None
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/25/24
Oct 25, 2024
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Price Changed | SMART_MLS | $549,900 | 3.8% |
9/4/24
Sep 4, 2024
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Listed / Active | SMART_MLS | $529,900 |