59-65 Maple St, Chester, CT 06412

$1,995,000
7
BD
7
BA
8,500
SqFt

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List Price
$1,995,000
Status
ACTIVE UNDER CONTRACT
MLS#
24170551
Price Change
▼ $105,000 1785980062
Year Built
1975
Bedrooms
7
Bathrooms
7
Acres
2.56
Living Area
8,500
Neighborhood
N/A

Property Description

A stabilized apartment complex just one half mile from the picturesque downtown of Chester, CT. This property features a strong CAP ex profile including a new roof, electrical service, and well water treatment system. A 6% CAP rate is projected at entry assuming fully burdened vacancy, maintenance, and management figures. Each unit pays their own electric bill which includes the cost of heat and hot water. The owners pay for the dumpster, well water and treatment, the common electric bill, taxes, and insurance. Three of the seven residential units in the main building have washer and dryer hookups and there is off street parking for all units. A 1,500 square foot warehouse is positioned along the driveway at the base of the hill.

Additional Information

Taxes
$12,447
Lot Size
111,513
Heating
Baseboard
Cooling System Type
None
Sewer
Septic Tank
Water Source
Public, Private Well
Basement
Full
Garage Spaces
1
Parking Spaces
10
Elementary School
Chester
High School
Per Board of Ed

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Listing courtesy of Connor Wenchell from VC Property Group, LLC. (860) 343-7800 (860) 300-3102

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