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Key Details
Sold Price $950,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 4,760 sqft
Price per Sqft $199
MLS Listing ID 170468178
Sold Date 05/17/22
Year Built 1987
Annual Tax Amount $2,150
Lot Size 4,356 Sqft
Property Description
A rare opportunity to invest in hands-off, low maintenance, beautiful asset minutes from the University of Connecticut College Campus (UCONN). This offering features 5, 2 bedroom 1 & ½ bathroom townhouse units in Crystal Springs. The townhomes have been completely renovated with all high-quality, modern finishes. The kitchens, bathrooms & flooring are all new. The 1st-floor layout has a kitchen, living room, eat-in area, half bath & private deck for outdoor entertaining. There are 2 bedrooms & a full bath on the 2nd floor. This investment opportunity is extremely low maintenance with an HOA taking care of the grounds, trash removal & insurance. Tenants pay their own utilities including water/sewer, heat, hot water & electricity. The units also have Central Air. The townhomes also have full basements. Some of the lower levels are finished, while some are used for storage. There are washers and dryers in each unit and the washers/dryers are Landlord owned. The majority of the units are leased to Graduate students from UCONN with these units being in high demand yielding low turnover & vacancy. There is ample off-street parking.
Location
State CT
County Tolland
Zoning RAR90
Interior
Heating Baseboard
Cooling Wall Unit
Exterior
Exterior Feature Sidewalk
Garage Paved
Utilities Available Electric, Gas
Roof Type Asphalt Shingle
Building
Lot Description On Cul-De-Sac, Level Lot
Foundation Concrete
Sewer Shared Septic
Water Public Water Connected
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Bought with Ali Bigi • Group Realty LLC