multifamily
8,000 SF Other
114 Charter Oak Street
Manchester, Connecticut 06040
Price
$749,000
Price/SF
$93.63/SF
Building Size
8,000 SF
Lot Size
0.37 acres
Year Built
1900
Units
6
Property Description
One of Manchester's most iconic properties, and a chance to own a seriously HIGH cash flowing property. This property consists of a four family building, with an adjacent building containing a restaurant/pub, plus another upstairs apartment unit. These buildings are on one parcel and cannot be separated. So it will take a commercial loan product or a cash/"cash like" financial arrangement to purchase. There is plenty of parking in the rear of the buildings for all of the usages of the buildings, with some dedicated strictly for tenants, making it even more attractive. These buildings are in good working condition, but also are older and will always need appropriate upkeep. So the ideal purchaser is someone who is experienced and use to owning/dealing with these types of investment properties. There are mostly separated utilities including the electrical, natural gas, public water and sewer. Great for the owner! The property abutts wonderful and recently reconstructed Charter Oak Park and brand new "The Oaks". Walking distance to all of Main Street with all it's lively establishments and entertainment. If you've been looking for an investment in Manchester that combines residential and commercial aspects, this is a very nice opportunity.
Additional Details
Zoning
RB
MLS Number
24182608
Property ID
769dec0d-b242-4944-b5ff-443c220db115
MLS Information
MLS#: 24182608
Listed by: RE/MAX Right Choice
Agent: Kurt Potter • (860) 604-5348 • kurt@kurtpotter.com
This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.
The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.
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