39
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$749,000
Est. payment /mo
2 Beds
8,000 SqFt
New
114 Charter Oak Street Manchester, CT 06040
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Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $93
MLS Listing ID 24182608
Style Other
Bedrooms 2
Year Built 1900
Annual Tax Amount $10,186
Lot Size 0.370 Acres
Property Sub-Type Other
Property Description
One of Manchester's most iconic properties, and a chance to own a seriously HIGH cash flowing property. This property consists of a four family building, with an adjacent building containing a restaurant/pub, plus another upstairs apartment unit. These buildings are on one parcel and cannot be separated. So it will take a commercial loan product or a cash/"cash like" financial arrangement to purchase. There is plenty of parking in the rear of the buildings for all of the usages of the buildings, with some dedicated strictly for tenants, making it even more attractive. These buildings are in good working condition, but also are older and will always need appropriate upkeep. So the ideal purchaser is someone who is experienced and use to owning/dealing with these types of investment properties. There are mostly separated utilities including the electrical, natural gas, public water and sewer. Great for the owner! The property abutts wonderful and recently reconstructed Charter Oak Park and brand new "The Oaks". Walking distance to all of Main Street with all it's lively establishments and entertainment. If you've been looking for an investment in Manchester that combines residential and commercial aspects, this is a very nice opportunity.
Location
State CT
County Hartford
Zoning RB
Rooms
Basement Full
Interior
Heating Other
Cooling None
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Nathan Hale
High Schools Manchester
Listed by Kurt Potter • RE/MAX Right Choice
NEARBY SCHOOL & BUSINESS
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