5,916 SF 5 Family+

multifamily

5,916 SF 5 Family+

1418-1420 Main Street
Newington, Connecticut 06111

Price

$695,000

Price/SF

$117.48/SF

Building Size

5,916 SF

Lot Size

0.91 acres

Year Built

1834

Units

5

Property Description

This five unit multi-family house located near the center of downtown , is likely sub dividable . The house needs a lot of work and updating. It would probably be best if the new owner is a contractor, or you have a contractors work crew established and ready to go. The house is a functional five family, but the town has it listed as a legal four family, which makes financing easier, as anything over four units is considered a commercial loan. The photo is from a few years ago . The plot plan posted shows where the property has the possibility to be split, and a lot sold off, as it appears to meet the town setback and frontage requirements. The current rental rates are well below market, compared to the few other rental options available in town. Additionally, there are two spaces or areas in the house that have the possibility of being converted into additional units. The agent is the owner. Showing tours have been on Tuesdays or Fridays at 1 PM.

Additional Details

Zoning

R-12

MLS Number

24148606

Property ID

3dbef32a-7353-45dd-b00b-98b9726b31d8

MLS Information

MLS#: 24148606

Listed by: William Raveis Real Estate

Agent: Matthew Schoenhardt • (860) 543-4005 • matthew.schoenhardt@raveis.com

This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.

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