8 Burnham Street
Property Description
Discover the potential of 8 Burnham Street, a unique mixed-use property offering both residential and commercial space in a convenient Terryville location. This property presents an excellent opportunity for investors seeking multiple income streams and long-term growth potential. Recent improvements include a new roof, new siding, and updated residential spaces, providing a solid foundation for the next owner. Conveniently located with access to Routes 6 and 72, local businesses, shopping, and area amenities. Existing occupancy with additional space offering lease-up potential makes this an attractive opportunity for an investor looking to expand a portfolio and capitalize on the versatility of a mixed-use property. Financial information and property details are subject to verification and buyer due diligence. Excellent investment opportunity at 8 Burnham Street, Terryville. This mixed-use income-producing property features seven units per owner, combining residential and commercial space, and offering multiple income streams. Current rent roll is approximately $93,000.00annually, with reported expenses around $17,468.00, yielding an estimated NOI of $75,832.00 Additional income potential from one garage and two storage units could add roughly $800 per month. A great opportunity for investors seeking an established, income-producing property with upside potential. Buyer to verify all financials and uses.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,149,000 |
| Year Built: | 1950 |
| Lot Size: | 3,360.00 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 10 |
| Number of Bathrooms: | 7 |
ID: 3yd-CTMLS-24210157
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