For Sale, USD 484,999
40 Elm Street, Windham CT 06226, Windham, Connecticut, United States
Property Type : Multi-Family Home
Property Style : N/A
Build Size : 4,808 ft² / 447 m²
Land Size : N/A
Bedroom : 8
Bathroom : 4
Half Bathroom : 0
MLS#: N/A
Property Description
ATTENTION INVESTORS!!! This incredible 10 CAP investment Opportunity for 4 units across 2 2-family properties may be exactly what you're looking for!!! Discover the potential in this centrally located low overhead property. With strong rental demand from nearby ECSU, Uconn and in the general market, vacancy will not be a problem. Tenant amenities include large backyards, with privacy and gardens. Conveniently walkable to downtown, near bus lines and ideal for investors or renovation-minded buyers looking to restore charm and build equity. Off street parking, long term tenants, and under market rents make this a Value-add asset. Add 2 more bedrooms to the top floor units and consider pro-forma rents. These are stable in place, but the sky is the limit. Combine with other listed Willimantic properties: Pleasant St., Jackson St., and Chapman St. as a 17 unit portfolio. GOI:63,000 Expenses: 10,868 NOI: 52,132 10CAP PRO Forma NOI: 77,932!!! floor plans available**
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40 Elm Street, Windham CT 06226, United States,Connecticut,Windham is a 4,808ft² Windham luxury Multi-Family Home listed for sale USD 484,999. This high end Windham Multi-Family Home is comprised of 8 bedrooms and 4 baths. Find more luxury properties in Windham or search for luxury properties for sale in Windham.