USACTTaftvilleTaftville29 Sheas Ln
29 Sheas Ln, Home with 6 bedrooms, 3 bathrooms and 15 parking in Taftville CT | Image 1
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$450,000

29 Sheas Ln, Taftville, CT

Real Estate

For Sale

$--,---,---
6315
  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size 3327 sqft
Garage Yes
Taxes $8,173
Days Active 3
Lot Size 
Approx. Age 1930
Avg. Price Per Sqft $135
MLS® Number 24128739

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Opportunity knocks! This fully occupied 3-family home on 1.19 acres features a rural feel, thanks to its expansive front yard and buildings set back from the road. Despite its rural ambiance, it offers urban conveniences and presents strong income potential. The 3D tour shows the exterior of the property. Each apartment includes 2 Bedrooms, in-unit laundry hookups, and separate utilities. Two units are located on the ground floor, and all tenants are long-term, with month-to-month agreements. The 2nd-floor tenant is actively planning to purchase, creating the possibility for an owner-occupant Buyer to step in. A detached 4-Car Garage plus a 2-Car Carport adds rental income, and there is abundant off-street parking. Recent updates include a brand-new main house roof and a 5-year-old garage roof. Landlord covers water, sewer, snow removal, and yard maintenance. The current gross monthly income is $3, 190, with market rents projected to be higher. The current Cap rate is 4.6%, and it could be increased to 10.2% with modest rental rate increases. A full pro forma is available. This property delivers both stability and growth potential for Investors or flexibility for an Owner-Occupant. Conveniently located in Taftville near Norwich amenities and highways, this opportunity is a rare find. This opportunity is available to Cash Buyers or those using conventional mortgages, as the building won't qualify for FHA or VA financing due to peeling paint.Show Description
MLS® Number24128739
Laundry LevelAll Units Have Hook-Ups, Washer/Dryer All Units
Central VacNo
FireplaceNo
Acreage1.19
ExteriorPorch, Gutters, Lighting
GarageYes
Approx. Age1930
BasementPartial, Interior Access, Walk-out, Concrete Floor, Partial With Walk-Out
DrivewayCarport, Detached Garage, Off Street Parking, Driveway, Unpaved
Garage Spaces
HeatElectric, Natural Gas, Hot Air, Hot Water
A/CNone
Heating Fuel

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