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Off market
  • $301,400

    172 Middle Tpke W, Manchester, CT 06040

    3beds
    1,600sqft
    Multi Family
    Built in 1900
    -- sqft lot
    $301,400 Zestimate®
    $188/sqft
    $1,921 Estimated rent

    Home value

    $301,400

    $277,000 - $329,000

    $1,921/mo

    Zestimate® history
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    $2,122/mo

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    What's special

    Investment opportunity ! This property has two buildings located in a high traffic area with great convenient access. Both buildings have been renovated and are currently leased, providing a reliable return on investment of 10% or more. The properties consist of retail, commercial, and residential spaces, catering to a diverse range of tenants and ensuring a steady income stream. Additionally, the corner lot location offers excellent visibility and accessibility, further enhancing the appeal of this investment. One of the key advantages of these buildings is the presence of a bus stop on the corner, making it a highly desirable location for both tenants and customers. With leases already in place, investors can benefit from immediate cash flow and the security of long-term tenancy agreements. This stability, combined with the potential for future rental growth, makes these buildings an attractive proposition for those seeking a reliable and lucrative investment opportunity. We invite you to explore this opportunity further and discover the potential for substantial returns in a prime location. Property is comprised of (2) Buildings: 1. 172-174 Middle Tpke West Manchester (1) Retail Store and (1) 2 Bedroom Apartment 2. 10 Essex Street (1) 1 Bedroom remodeled Apartment, (1) Retail Store and (1) Commercial Shop (HVAC Contractor) Property also listed as MLS 24041966

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked: 8 hours ago

    Source: William Raveis Real Estate, Mortgage & Insurance,MLS#: 24044312MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Baseboard, Other
    Cooling
    • Other
    Interior area
    • Total structure area: 1,600
    • Total interior livable area: 1,600 sqft

    Property

    Lot
    • Size: 7,840 sqft

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • Year built: 1900

    Community & neighborhood

    Location
    • Region: Manchester

    Price history

    DateEventPrice
    12/2/2024Listing removed$549,900$344/sqft
    Source: William Raveis Real Estate, Mortgage & Insurance #24044312
    10/25/2024Price change$549,900+3.8%$344/sqft
    Source: William Raveis Real Estate, Mortgage & Insurance #24044312
    9/10/2024Pending sale$529,900$331/sqft
    Source: Smart MLS #24044312
    9/4/2024Listed for sale$529,900+104.6%$331/sqft
    Source: Smart MLS #24044312
    11/1/2021Listing removed--
    Source: Smart MLS #170425725

    Public tax history

    Tax history is unavailable.

    Neighborhood: Central Manchester

    Nearby schools

    GreatSchools rating
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    An equal housing lender. NMLS #10287.

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    $301,400
    2% more+ $6,028
    With Zillow Showcase(estimated)
    $307,428