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Additional details
$ 674,900
Est. payment /mo
Coming Soon
85-87 Spruce Street Manchester, CT 06040
8 Beds
4 Baths
4,563 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 4,563 sqft
Price per Sqft $147
MLS Listing ID 24191138
Style Units on different Floors
Bedrooms 8
Full Baths 4
Year Built 1914
Annual Tax Amount $9,047
Lot Size 0.260 Acres
Property Sub-Type 4 Family
Property Description
Exceptional investment opportunity! Well-maintained 4-family offering 4,563 sq. ft. 21 Rms. 13 Brms.with a 3-car garage in a neighborhood undergoing revitalization. Conveniently located near Charter Oak Park, tennis courts, schools, shopping, public transportation, and just minutes from downtown. Current rents are below market, providing excellent value-add potential and the opportunity to increase future cash flow. The 3-car garage offers additional income potential. Approximately $40,000 in recent improvements include updated apartments, renovated bathrooms and 3 kitchens, new fire-rated doors, updated appliances, exterior powerwashing, freshly painted garage and entry doors, and a water heater replaced at the end of 2024. A turnkey investment with immediate income and long-term upside. (Profesional pictures will be updated by weekend)
Location
State CT
County Hartford
Zoning RB
Rooms
Basement Full, Unfinished
Interior
Heating Hot Air
Cooling None
Exterior
Exterior Feature Balcony, Gutters, Garden Area
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Lightly Wooded, Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Manchester
Listed by Marianne Smith • Century 21 AllPoints Realty