85-87 Spruce St, Manchester, CT 06040

$674,900
13
BD
4
BA
4,563
SqFt

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List Price
$674,900
Status
ACTIVE
MLS#
24191138
Year Built
1914
Bedrooms
13
Bathrooms
4
Acres
0.26
Living Area
4,563

Property Description

Exceptional investment opportunity! Well-maintained 4-family offering 4,563 sq. ft. 21 Rms. 13 Brms.with a 3-car garage in a neighborhood undergoing revitalization. Conveniently located near Charter Oak Park, tennis courts, schools, shopping, public transportation, and just minutes from downtown. Current rents are below market, providing excellent value-add potential and the opportunity to increase future cash flow. The 3-car garage offers additional income potential. Approximately $45,000 in recent improvements include updated apartments, renovated bathrooms and 3 kitchens, new fire-rated doors, updated appliances, exterior powerwashing, freshly painted garage and entry doors, and a water heater replaced at the end of 2024. 3 gas and 1 oil heat. This is a turnkey investment with immediate income and long-term upside. (Profesional pictures will be updated by weekend)

Additional Information

Taxes
$9,047
Lot Size
11,325
Heating
Hot Air
Cooling System Type
None
Water Source
Public
Basement
Full, Unfinished
Exterior Features
Balcony, Garden
Garage Spaces
3
Elementary School
Per Board of Ed
High School
Manchester

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Calculator source: Real Geeks

Listing courtesy of Marianne Smith from Century 21 AllPoints Realty. (860) 995-5637 (860) 263-2121

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