Unique opportunity to own a multi-use property and enjoy waterfront views or fishing! The property consists of 4 income streams - a 2-family unit, a separate commercial building currently used as a restaurant business not for sale, building only with paved parking and indoor and outdoor seating near the water, and a rental parking lot rented to the trucking repair garage next door. Because the trucking repair garage and the rented parking lot is separated by a bunch of trees and a stream, from the remaining property the parking lot does not appear to be a part of it, but it is. Nearly worry free investment with tenants paying all their own utilities, caring for the lawn and snow, and the restaurant and parking lot paying their rent with little for the landlord to do! Public water sewer hooked up, electric heat in the 2-family and propane heat in the restaurant. Many upgrades have been done to make this a great cash-flow investment with 42,000 a year income! Property will qualify for a mixed use residential loan for an owner-occupant buyer or commercial loan will be needed for non-owner occupant investors. Great cash flow with little effort! Highest and best offers due by Monday 3/15/2021 by 9pm.
Off market
$177,590
262 Route 163, Montville, CT 06382
6beds
3,376sqft
MultiFamily
Built in 1945
-- sqft lot
$-- Zestimate®
$53/sqft
$-- HOA
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 2
- 1/2 bathrooms: 2
Heating
- Baseboard, Oil
Cooling
- wall unit
Appliances
- Included: Refrigerator
Features
- Flooring: Other
Interior area
- Total interior livable area: 3,376 sqft
Property
Parking
- Parking features: Off-street
Features
- Exterior features: Stone, Vinyl
Lot
- Size: 1 Acres
Details
- Parcel number: MONTM078B019L000
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 1945
Community & neighborhood
Location
- Region: Montville
Other
Other facts
- Architecture Style: Colonial
- AssociationYN \ 0
- Balcony
- Basement \ Basement \ Full With Walk-Out
- BelowGradeFinishedArea \ 0
- ConstructionMaterials \ Stone
- ConstructionMaterials \ Vinyl Siding
- Dates \ YearBuiltSource \ Public Records
- Elementary School: Per Board of Ed
- EntryLevel \ 1
- Exterior Type: Stone
- Furnished \ Yearly Unfurnished
- HOA \ AssociationYN \ 0
- Heating and Cooling \ HeatingYN \ true
- Heating system: Oil
- Heating system: Radiator
- Heating: Oil
- HeatingYN \ true
- High School: Montville
- LeaseAmountFrequency \ Monthly
- MLS Listing ID: 170270626
- MLS Name: Smart MLS ZDDP (Smart MLS ZDDP)
- MlsStatus \ Active
- NumberOfUnitsTotal \ 2
- Other Building Features \ PetsAllowed \ No
- Other Interior Features \ EntryLevel \ 1
- Other Interior Features \ Furnished \ Yearly Unfurnished
- Other Rooms \ RoomsTotal \ 5
- Other \ TenantPays \ All Utilities
- Other \ TotalActualRent \ 1100.00
- Other \ Zoning \ LI
- OwnerPays \ Sewer
- OwnerPays \ Water
- ParkingFeatures \ Off Street
- ParkingFeatures \ Parking Lot
- Patio \ PatioAndPorchFeatures \ Covered Deck
- RoomsTotal \ 5
- Sewer \ Public Sewer
- Size \ BelowGradeFinishedArea \ 0
- Size \ NumberOfUnitsTotal \ 2
- TenantPays \ All Utilities
- TotalActualRent \ 1100.00
- Type and Style \ ArchitecturalStyle \ Colonial
- Utilities \ Sewer \ Public Sewer
- Utilities \ WaterSource \ Public Water Connected
- Water \ WaterfrontFeatures \ Brook
- WaterSource \ Public Water Connected
- YearBuiltSource \ Public Records
- Zoning \ LI
Services availability

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