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$595,000
Est. payment /mo
8 Beds
4 Baths
3,105 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 3 Family
Listing Status Active
Purchase Type For Sale
Square Footage 3,105 sqft
Price per Sqft $191
MLS Listing ID 24209900
Style Units on different Floors,3updown - Unit(s) per Floor
Bedrooms 8
Full Baths 4
Year Built 2026
Annual Tax Amount $10,065
Lot Size 1.250 Acres
Property Sub-Type 3 Family
Property Description
This rare and architecturally unique three family investment property, overlooking the Farmington River and Collinsville , has not been available for purchase in over 25 years. The original craftsmanship in the exterior hand carved detailing should be noted. However , the property has some deferred maintenance, exterior painting in particular, and also carpentry work. The three units have been worn by long term tenants. The kitchens and baths need updating. There was also freeze damage this past winter , due to tenants letting the heating fuel run out. However, all burst pipes have been repaired , and all systems and water supply lines are restored. The electrical services are updated. Three Peerless boilers have been recently cleaned and serviced. The location, of this four story , flat roofed Victorian, is unmatched, with direct seasonal views of the Farmington river. The house is vacant and easy to show. Current rental rates would easily command approximately $2,500 per unit. A possible fourth and fifth unit could be added, increasing monthly cash flow even further. Highest and best buyer, would most likely be an owner/occupant that has a work crew ready and available, or a contractor or builder with guys ready to dive in, or an investment group. There are other investment opportunities in the immediate proximity to this listing. Owner is the agent : lived in two out of the three apartments ourselves. Once it's restored, this house will again be a premier property
Location
State CT
County Hartford
Zoning CDVD
Rooms
Basement Full, Partially Finished
Interior
Heating Hot Water
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Lightly Wooded
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Cherry Brook Primary
High Schools Canton
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Listed by Matthew Schoenhardt • William Raveis Real Estate
Nearby School & Business
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