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Browse More Listings in Multifamily For Sale, Sprague, CT or Connecticut

Multifamily Property For Sale

36 Main Street, Baltic

36 Main Street, Baltic, Sprague, CT 06330

Price:
$595,000
No. Units:
4
Building Size:
4,452 SF
Price/Unit:
$148,750
Property Type:
Multifamily
Property Sub-type:
Duplex/ Triplex/ Fourplex
Property Use Type:
Investment
Lot Size:
1.20 AC
Find Out More...

Last Verified 10/26/2009 Listing ID 15352203

Description

Located just 20 minutes from casinos
Fully leased existing building including:
- 1,876 sq. ft. restaurant/bar
- Three newly constructed 2-bedroom townhouse apartments totaling 2,636 sq. ft.
- 1- bedroom apartment approximately 600 sq. ft.
- 500 sq. ft. office/retail unit
Building is fully renovated with new roof and heating system and updated electrical system. 1.2 acres commercially zoned. Opportunity to develop +/- 12 garage storage units at rear of property (town is considering zoning change to allow this).
NOI on existing building $40,000

Close to I-395. 20 minutes to casinos.

Map of 36 Main Street, Baltic, Sprague, CT 06330 (New London County)

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Created 9/24/2007

Additional Information for 36 Main Street, Sprague, CT 06330

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale -

36 Main Street, Baltic, Sprague, CT, 06330