40 Elm Street, Windham, CT 06226
- Beds
- 8
- Baths
- 4
- Sqft
- 4,808
- Garage
- Yes
View property features, location on map, relevant school information and overview from seller's agent.
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Overview
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**
Location
Full feature list
Basic info
- Property type
- Multi-family
- Number of bedrooms
- 8
- Number of bathrooms
- 4
- Square feet
- 4,808
- Lot size (acres)
- 0.23
- Year built
- 1930
Interior features
- Basement
- Yes
Garage and parking
- Garage parking spaces
- 2
Utilities
- Heating
- Natural gas, Oil, Hot water
- Cooling
- Window unit(s)
- Sewer
- Public sewer
- Water
- Public
Taxes
- Tax Annual Amount
- $6,613
Public schools
Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.
Sourced from: Smart MLS MLS®#: 24100884 Last checked: …
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