88 Main Street East Windsor, CT 06016

100% occupied & value add?! Ideal opportunity to acquire an investment and create instant equity. This asset features 7 occupied units with an 8th approved unit (this is a legal 8 unit). The unit mix consists of: 5, 1 bedroom/1 bathroom units; 2, Studio/1 bathroom units; and, 1, 4 Bedroom/1 bathroom... unit. The asset has brand new Navien Combo Heat & Hot Water Systems (owner paid but could be split). Owner pays electric currently and has started separating electric for all units. The seller has purchased a 9 bank electric meter bank and the new owner is able to finish and have tenants pay electric. The leases state that owner has right to have tenant pay electric with rent adjustment of $25 lower per month. The approved 8th unit is set up for separate electric heat and hot water and estimate to finish the unit is around $6k. The property has new propane tanks and off street parking as well! There is so much value to come with this property! 88 Main can be purchased together with 136 Main Street (MLS#170463173). Continue reading