46 Park St and 15 Etheridge Ct

Thomaston, CT

Sale Price:

$735,000

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kit2
kit2

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room floor
room floor

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1/6

price

$735,000

square feet

6,880

cap rate

6.8%

occupancy

90%

units

10

buildings

3

noi

$11,568

built

1890

description:

10 well maintained units in 3 buildings in the heart of downtown Thomaston. First building consists of 5 units, (3) 2 bedroom units and (2) 1 bedroom units. Second building has (2) 2 bedrooms. Third building consists of 3 units, (2) 2 bedrooms and (1) 3 bedroom. Many updates throughout including granite counter tops, stainless steel appliances, tile back splash, hardwood floors, wood-look vinyl floors, and modern vanities. Capital improvements include new exterior stairs and decks in spring 2019 and new windows and siding in 2006. Strong rental market with historically high occupancy rates - units are very easy to rent!  There is a good sized yard with a small seated patio area and many gardens throughout the property. Current owners have kept up with maintenance, making this a truly turn-key opportunity!

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