86 School Street, East SideManchester, CT 06040MLS Number 170162801

  • Sale Price: $324,900
  • 171 Days Since Sale
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Federal 30-year interest rate: 3.73% last updated on Sep 19, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 7Bedrooms
  • 0.24Acreage
  • 5Bathroom
  • 1891Year Built

10% CAP RATE: FANTASTIC DUPLEX fully renovated & occupied w/ann. rental income of $43,800. Add'l consideration is massive 2 story 1872SF garage.This heated & fully appointed gar is rented for $500 mo., well under market. The 2 townhouse style apts are rented for $1,500 & $1,650. THIS GARAGE makes the property 1 of a kind & significantly boosts the rental income. The 36' x 26' CLEAR SPAN HIGH CEILING on 1st fl offers limitless potential. Fully insul. w/it's own 100A electric and gas meters, 175K BTU overhead gas forced hot air, hot water, phone/cable, half bath, fridge & micro, remote X-tall door at 8'H x 16'W. The 1st fl extra tall ceiling easily stores trucks, cars, boats or equip. Gar has shelving, 2nd fl. office, and add'l open storage on 2nd fl. Gar is perfect for an owner w/ own business, or as a rental to a contractor. Property is perimeter fenced for privacy. Both Apts have: newer gas furnaces, gas hot water, gas stoves, newer wall to wall carpet, two full baths, w/dual sinks on 2nd fl, & 1st fl laundries. All appliances in both apts are newer. Thermo windows throughout incl. LL & attic. Separate driveways, entrances & porches. LEFT SIDE APT: 3BR, 2 FB, 400SF walk up attic easily converted, A/C, 5 appls incl. DW, 1st fl Lndry, pantry, skylights. Parking for 5 cars. RIGHT SIDE APT: 4BR, 2 FB, A/C, 5 appls incl. DW, 1st fl laundry rm, pantry, parking for 4 cars. SAME METICULOUS OWNER 36 YRS, THESE RENTS SPEAK VOLUMES. EASILY MAINTAINED, TURN KEY, QUALITY PROPERTY HERE.

Listed by Wendy Curry of Berkshire Hathaway NE Prop.

Listing Sold by Elizabeth Berube of Century 21 AllPoints Rlty

Driving Directions

Vernon Office
Vernon Office
Office: 860-871-2775
646 Hartford Turnpike
Vernon, CT 06066

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More Info

Basic Information

  • StatusSLD
  • List Price$324,900
  • Square Feet3,437
  • HoaNo
  • Lease purchaseNo
  • Units2
  • Net operating income34945
  • Sale Date04/02/2019
  • Sale Price$324,900
  • Sale AgentBERUBEE
  • Property subtype2 Family
  • Sale OfficeAPRT04
  • Property TypeMulti-Family For Sale
  • Acreage0.24
  • MLS Number170162801

Interior

  • Rooms total multifamily14
  • RoofAsphalt Shingle

Exterior

  • ColorGreen
  • Exterior featuresGutters, Lighting, Porch, Shed, Sidewalk
  • Exterior sidingShake

Utilities

  • Water sourcePublic Water Connected
  • Cooling SystemAttic Fan, Ceiling Fans, Wall Unit, Window Unit
  • Hot water descriptionDomestic, Natural Gas
  • Heating FuelNatural Gas
  • Fuel tank locationNon Applicable
  • Heat SystemBaseboard, Hot Water
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Milrate base35
  • Milrate tax district5
  • Milrate total40.91
  • Taxes$6,664
  • Tax YearJuly 2018-June 2019
  • Assessed value$162,900

Location

  • StateCT
  • Zip06040
  • CountyHartford
  • NeighborhoodEast Side

Property

  • Lot DescriptionOn Cul-De-Sac, Level Lot, Lightly Wooded
  • Driveway TypePrivate, Paved, Asphalt, Crushed Stone
  • Garage4
  • Parking spaces per 1000sqft
  • Parking spaces uncovered
  • Parking Spaces
  • Parking spaces covered
  • FloodzoneNo
  • SwimmingpoolNo
  • Building ConstructionFrame

Water Body

  • Waterfront DescriptionNot Applicable
  • WaterfrontNo

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolManchester

Rooms

  • Laundry room infoWasher/Dryer All Units
  • Laundry room locationBoth Units have washer/dryer 1st fl

Building

  • Bedrooms7
  • Bathroom5
  • Year Built1891
  • Property StyleUnits are Side-by-Side
  • Energy FeaturesRidge Vents, Storm Doors, Storm Windows, Thermopane Windows
  • FoundationBrick, Stone
  • Garage Parking InfoTandem, Detached Garage, Off Street Parking
  • New construction typeNo
  • AtticYes
  • Attic descriptionWalk-up, Finished, Heated
  • BasementFull With Hatchway, Unfinished, Concrete Floor, Interior Access, Storage
  • Full Bath4
  • Half Bath1

Amenities

  • Amenities
    • Basketball Court
    • Golf Course
    • Library
    • Park
    • Playground/Tot Lot
    • Public Rec Facilities
    • Public Transportation
    • Tennis Courts

Auction

  • Bank owned propertyNo

Other

  • Radon mitigation airNo
  • Radon mitigation waterNo
  • Space is leasedNo
  • Remarks addendumThis property has been owned and occupied by the same meticulous 'hands on' owner for the last 36 years. Pride of ownership is evident everywhere you look on this property. Decades of work has turned this property into a turn key, easily maintained property that needs nothing. The rents this property commands speak volumes for it. Perimeter fenced, separate everything, gas heat, hot water & stoves. 10 newer appliances included. Off street parking for 9 cars, not including garage. On a cul de sac, walk to everything, easy commute to Hartford. HEATED GARAGE: 1872 SF is rented for $500./mo, which is under market. Garage is 36 x 26 2 story building with clear-span 1st. fl. high ceiling w/100 Amp separate electric panel., separate 175000 BTU overhead gas heat, ½ bath, hot water, 2nd fl. office & huge storage area., cable/phone, remote 8' x 16' door, insulated, vinyl windows. Perfect for home business or rent to contractor. BOTH APTS HAVE: Newer gas furnaces, newer high end 100% nylon Wall to Wall carpet, 1st fl. laundries, all newer appliances, 2nd fl dual sinks, kitchen pantries, large dry cement fl. basements w/ built in storage, thermo pane windows, full view storm doors., covered ft. porches & driveways. LEFT APT: currently rented for $1,500 per month is a fully applianced, 3 BR two full BA, with a spacious walk up attic that could easily be converted into living space, clean dry basement and a built in air conditioning unit with remote control on 1st. fl. This apartment features bright kitchen with a breakfast bar, plenty of storage, a shelved pantry, and skylights. Huge 400SF walk up attic. 100A electric. Paved driveway with 5 numbered, assigned parking spaces. RIGHT APT: currently rented for $1,650 is a fully applianced 4 bedroom, two bath room with an eat in kitchen with pantry, boasts a clean dry basement and two built in air conditioning units with separate remote controls. 100A electric. There is parking for 4 vehicles behind the apartment. This apartment also enjoys a private back yard for entertaining, grilling etc. Agent related.
  • Offmarket date02/20/2019
  • View Count2

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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