NOT LISTED FOR SALE
26 Beds
9 Baths
10,826 Sq Ft
5,227 Sq Ft Lot

Last Sold December 22, 2021

Last sale price $1,325,000 $122 Per Sq Ft

50 Days on Market

About This Home

As of December 2021

BACK TO THE MARKET -- Gross income $168,780 NOI $132,475.97 Cap rate 9.5% Investors take note: Rare opportunity to own a 9 unit multi family consisting of highly sought after 3 and 4 bedroom units. This building consists of six 3 bedrooms and three 4 bedrooms with washer dryer hookups in each unit and the tenants pay their own utilities.

Last Agent to Sell the Property

Lisa Parda

RealtyScape Brokerage, LLC Listed on: 09/02/2021

Last Buyer's Agent

Lisa Parda

RealtyScape Brokerage, LLC Listed on: 09/02/2021

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $12,584

Year Built

  • Built in 1890

Lot Details

  • 5,227 Sq Ft Lot
  • Corner Lot
  • Level Lot

Home Design

  • Flat Roof Shape
  • Concrete Foundation
  • Wood Frame Construction
  • Vinyl Siding

Interior Spaces

  • 9 Full Bathrooms
  • 3-Story Property
  • Unfinished Basement
  • Walk-Out Basement
  • Stove

Schools

  • Gossler Park Elementary School
  • Middle School At Parkside
  • Manchester West High School

Utilities

  • Heating System Uses Natural Gas
  • Separate Meters
  • Gas Water Heater

Listing and Financial Details

  • Tax Lot 0034

Community Details

Overview

  • 9 Units

Building Details

  • 9 Separate Gas Meters
  • Operating Expense $22,440
  • Gross Income $159,696
  • Net Operating Income $137,256

Property Details

Home Type

Apartment

Est. Annual Taxes

$12,584

Year Built

Built in 1890

Lot Details

0

Listing Details

  • Status Detail: Closed
  • Style: Apartment Building
  • Directions: EXIT 5 OFF ROUTE 3, HEAD TOWARDS CATHOLIC MEDICAL CENTER. LEFT ON MAIN, RIGHT ON PUTNAM, 101 PUTNAM IS JUST BEFORE THE SPLIT ON THE RIGHT
  • Construction: Existing
  • Total Stories: 3
  • Price Per Sq Ft: 122.39
  • Property Class: Multi-Family
  • Sq Ft - Apx Total: 14416
  • Sq Ft - Apx Total Finished: 10826
  • Year Built: 1890
  • Remarks Public: BACK TO THE MARKET -- Gross income $168,780 NOI $132,475.97 Cap rate 9.5% Investors take note: Rare opportunity to own a 9 unit multi family consisting of highly sought after 3 and 4 bedroom units. This building consists of six 3 bedrooms and three 4 bedrooms with washer dryer hookups in each unit and the tenants pay their own utilities.
  • List Agent: 25733
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 3

Interior Features

  • Total Rooms Above Ground: 40
  • Basement: Yes
  • Basement Access Type: Walkout
  • Basement Description: Concrete, Unfinished
  • Sq Ft - Apx Finished AG: 10826
  • Sq Ft - Apx Unfinished BG: 3590

Exterior Features

  • Construction: Wood Frame
  • Exterior: Vinyl Siding
  • Foundation: Concrete
  • Roads: Paved, Public
  • Roof: Flat

Utilities

  • Electric: Circuit Breaker(s)
  • Fuel Company: LIBERTY UTILITY
  • Sewer: Public Sewer On-Site
  • Water: Public Water - On-Site
  • Water Heater: Gas
  • Heating Fuel: Gas - Natural
  • Heating: Stove - Gas
  • Electric Company: EVERSOURCE
  • Separate Utilities: Yes
  • Total Electric Meters: 10
  • Total Gas Meters: 9
  • Total Heat Units: 9
  • Total Ranges: 9
  • Total Refrigerators: 9
  • Total Water Heaters: 9

Schools

  • School District: Manchester School District
  • Elementary School: Gossler Park Elementary School
  • Middle School: Middle School at Parkside
  • High School: Manchester West High School
  • Elementary School: Gossler Park Elementary School
  • High School: Manchester West High School

Lot Info

  • Map: 0186
  • Lot: 0034
  • Lot Sq Ft: 5227
  • Lot Acres: 0.12
  • Lot Description: City Lot, Corner, Level
  • Zoning: APARTMENT GENERAL
  • Deed Book: 9249
  • Deed Page: 1453
  • Deed Recorded Type: Warranty

Multi Family

  • Gross Income: 159696
  • Net Income: 137256
  • Total Full Baths: 9
  • Total Units: 9
  • Total3 Plus Bedroom Units: 9

Tax Info

  • Tax Gross Amount: 12584
  • Tax Year: 2020

MLS Schools

  • School District: Manchester School District
  • School Middle Jr: Middle School at Parkside

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/22/2021 12/22/21 Sold $1,325,000 -5.4% $122 / Sq Ft
10/22/2021 10/22/21 Pending -- -- --
10/07/2021 10/07/21 For Sale $1,400,000 0.0% $129 / Sq Ft
09/13/2021 09/13/21 Pending -- -- --
09/02/2021 09/02/21 For Sale $1,400,000 0.0% $129 / Sq Ft
08/26/2020 08/26/20 Rented $1,550,000 +104984.7% --
06/02/2020 06/02/20 Price Changed $1,475 -4.8% $1 / Sq Ft
06/02/2020 06/02/20 Price Changed $1,550 +3.3% $1 / Sq Ft
06/01/2020 06/01/20 For Rent $1,500 0.0% --
12/20/2019 12/20/19 Sold $800,000 +6.7% $74 / Sq Ft
10/26/2019 10/26/19 Pending -- -- --
10/22/2019 10/22/19 For Sale $750,000 -- $69 / Sq Ft
Source: PrimeMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: PrimeMLS

MLS Number: 4880724

PrimeMLS