$ 995,000
175 Main Street Winchester, CT 06098
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$ 995,000
Est. payment /mo
Price Dropped by $105K
175 Main Street Winchester, CT 06098
9 Baths
10,432 SqFt
UPDATED:
11/06/2024 02:38 AM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,432 sqft
Price per Sqft $95
MLS Listing ID 24037186
Full Baths 9
Year Built 1900
Annual Tax Amount $5,322
Lot Size 5,662 Sqft
Property Description
Addresses include 175 Main Street and 183 Main Street in Winsted, CT. Amazing opportunity to acquire a 9 Unit Asset (7 Apartments + 2 Retail) in Winsted with anchor tenant Noli's Restaurant (Rent $2,266 w 3% increase/year) w over 20 years in business! Pride of Ownership is evident with Capital Improvements made by the current owners, including: new water heaters, heating zones, electrical upgrades, fire rated tenant main doors & new fire alarms/strobes in both buildings. The unit mix is: 1, 4 bedroom ($1,100); 4, 2 bedrooms ($1,000; $1,050; $900; the other can be rented for up to $1500 per month) and 2, 1 bedroom units ($950 each). The 175 Main St had a roof replacement in 2021, a privacy fence enclosure installed & all 4 residential units have gone through renovations. 183 Main St has had a roof replacement in 2023, aft wall structural repair, new studs, insulation, beams & siding. 183 2A has been refurbished. One retail space is leased to Noli's Restaurant which has a patio. Noli's pays their heat and electric. The current owner leased the second retail space to Northwest Soup & Deli ($1500 then $1650 on 1/1/2025) and this establishment has all new equipment. They pay their own electric and a fixed gas, water/sewer reimbursement to the Owner. The residential tenants pay their electric. Owners are very meticulous and detail oriented. This is a seamless opportunity to own a well-run asset. Properties being sold together.
Location
State CT
County Litchfield
Zoning TC
Interior
Heating Baseboard
Cooling Central Air, Window Unit
Exterior
Utilities Available Electric, Gas, Telephone, Cable
Roof Type Flat,Rubber
Building
Lot Description Level Lot
Foundation Concrete, Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Ryan Rea • Berkshire Hathaway NE Prop.