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

Multifamily Property For Sale

34 Units Casino Area

1591 Route 32, Uncasville, CT 06382

Price:
$3,050,000
No. Units:
34
Building Size:
25,000 SF
Price/Unit:
$89,705.88
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Cap Rate:
7.50%
Occupancy:
100%
Lot Size:
4 AC
Find Out More...

Last Verified 11/4/2009 Listing ID 15568531

Highlights

2 Miles from Mohegan Sun Casino
Close to I-395
Quiet, Private Setting

Many Unit Upgrades
Tenants Pay all Utilities
Close to Long Island Sound

Description

There is much to like about this complex fixed deeply off the main road in a private serene setting. This 4 acre site consists of 2 brick & stucco buildings housing a total of 34 units. There is a mix of 22 one-bedroom & 12 two-bedroom apartments. The property has had many updates in 32 of the 34 units which include hardwood, Pergo and/or carpeting in the living area and bedrooms. Most of the kitchens have had cabinets, counters, appliances and floors replaced. The bathrooms, for the most part, have had fixtures, appliances and floors also updated. There is a swimming pool on the property that is NOT currently utilized by the current ownership.

The complex is located just a couple of miles from the Mohegan Sun Casio and I-395. The property is set well off the main road and away from the noise of passing traffic.

Financial Summary

Actual
Net Operating Income
$228,750

Map of 1591 Route 32, Uncasville, CT 06382 (New London County)

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Contact Listing Broker

Joseph Shertick (860) 965-4179

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Created 2/15/2008

Additional Information for 1591 Norwich New London Turnpike, Uncasville, CT 06382

Active For Sale - 2 Listings
Active For Lease - 0 Listing
Previously Listed - 1 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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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 - 34 Units Casino Area

1591 Route 32, Uncasville, CT, 06382