$535,000
This rare and architecturally unique three family investment property, overlooking the Farmington River and Collinsville , has not been available for purchase in over 25 years. The original craftsmanship in the exterior hand carved detailing should be noted. However , the property has some deferred maintenance, exterior painting in particular, and also carpentry work. The three units have been worn by long term tenants. The kitchens and baths need updating. There was also freeze damage this past winter , due to tenants letting the heating fuel run out. However, all burst pipes have been repaired , and all systems and water supply lines are restored. The electrical services are updated. Three Peerless boilers have been recently cleaned and serviced. The location, of this four story , flat roofed Victorian, is unmatched, with direct seasonal views of the Farmington river. The house is vacant and easy to show. Current rental rates would easily command approximately $2,500 per unit. A possible fourth and fifth unit could be added, increasing monthly cash flow even further. Highest and best buyer, would most likely be an owner/occupant that has a work crew ready and available, or a contractor or builder with guys ready to dive in, or an investment group. There are other investment opportunities in the immediate proximity to this listing. Owner is the agent : lived in two out of the three apartments ourselves. Once it's restored, this house will again be a premier property
8
Beds
⋅
4
Baths
⋅
24209900
MLS
36 High St, Canton
