Search Results

87-89 North Street

Home » All Multifamily Properties » New York & Tri-State » 87-89 North Street

Address: 87 North St, Willimantic, CT 06226, USA

New York & Tri-State + Apartment Buildings

Created date: April 16, 2025

Date last updated: April 18, 2025

Property Description

This unique investment opportunity at 87-89 North Street in Willimantic, CT, presents a compelling proposition for investors. The property comprises two single-family homes situated on a single lot, each with its own driveway and access to a large garage located conveniently on the front house's driveway. The rear house, a charming 1,224 square-foot dwelling, currently offers two bedrooms, a spacious kitchen, dining room, a laundry area, and a full bathroom. Its existing condition presents a stable rental income stream, mitigating risk during the renovation of the front house. The front house, approximately 1,757 square feet, has been completely stripped to the studs, providing a blank canvas for a renovation. New roof was put on in 2023. The size and layout allow for the creation of a four-bedroom residence, significantly increasing potential rental income or providing expansive living space for an owner-occupant. Rehabilitation plans could incorporate features to maximize rental appeal and profitability. The location is another key advantage. The property's proximity to Main Street places it within easy walking distance and bus lines to shopping mall, restaurants, and Eastern Connecticut State University, providing a strong pool of potential renters. The close proximity to the university creates a consistent demand for housing, don't miss this opportunity!

Available

Request Information

Key Property Information

Listing Status:	Available
Listing Type:	Call for offers
Property Types:	Apartment Buildings
Price:	$350,000
Year Built:	1920
Lot Size:	2,981.00 Sq ft
Opportunity Zone:	No
Property Website	Click Here
Number of Bedrooms:	6
Number of Bathrooms:	2

Address: 87 North St, Willimantic, CT 06226, USA

Provided by:

Standard Status: Active

MLS Listing Number: 24087977
ID: 3yd-CTMLS-24087977

Copyright Disclaimer: Copyright © 2025 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.