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262 Route 163 (Oakdale Road, Montville, CT 06382

$279,900

  • For Sale
  • Active
  • Multi-Family
  • 6 Total Beds
  • 1 Car Garage
262 Route 163 (Oakdale Road, Montville, CT 06382View this property at 262 Route 163 (Oakdale Road, Montville, CT 06382
262 Route 163 (Oakdale RoadMontvilleCT06382
Property Description
Unique opportunity to own a multi-use property and enjoy waterfront! Total 4 rental incomes: Units 1 & 2 is a residential 2-family building; Unit 3 is the commercial building currently used for a restaurant (building only, business is not for sale); Unit 4 is a separate commercial parking lot rental currently rented to a trucking repair company. All separate utilities. Public water & sewer hooked up. Good condition with many newer upgrades. Everything is leased with great cash flow! $40,000 year income! Cap rate about 12%! May require a commercial loan if using a lender.

Full Property Details for 262 Rte 163 (Oakdale Rd

General

  • Price: $279,900
  • Taxes: $5,748 (July 2018-June 2019)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: E10215015
  • Updated: 7/23/2018
  • Added: 479 day(s) ago

Interior

  • Number of Rooms: 10
  • Interior Features: Cable - Available

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 2
  • Half Bathrooms: 2

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: Washer/Dryer Some Units

Exterior

  • Exterior Features: Garden Area, Patio
  • Color: Stone

Parking

  • Garage Spaces: 1
  • Total Spaces: 18
  • Parking: Off Street Parking
  • Garage Description: Off Street Parking

Location

  • County: New London
  • Neighborhood: Uncasville
  • Driving Directions: I-395 to Exit 6, Route 163, head North about 1/2 mile on the Right just passed Courville's Garage. Rt 163 is Oakdale Rd.

School Information

  • Elementary School: PBOE
  • High School: PBOE

Community

  • Community Name: Uncasville

Heating & Cooling

  • Heating Type: Radiator, Space Heater, Oil, Propane
  • Heating Fuel: Oil, Propane
  • Water Heater: Domestic, Electric

Utilities

  • Sewer: Public Sewer Connected
  • Water: Public Water Connected

Structural Information

  • Architectural Style: Units on different Floors
  • Exterior Const.: Stone, Vinyl Siding
  • Basement Desc.: Full
  • Entry Location: Individual Private
  • Entry Access: Individual Private
  • Stories/Levels: 2
  • Stories in Building: 2
  • Square Feet: 3,376
  • Sq. Ft. Source: Public Records
  • Year Built: 1945

Unit Information

Unit 1

  • Unit Description: 3 Bedrooms
  • Square Feet: 1232
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 2

  • Unit Description: 3 Bedrooms
  • Square Feet: 1323
  • Total Bathrooms: 1
  • Bedrooms: 3

Unit 3

  • Total Bathrooms: 2
  • Partial Bathrooms: 2

Lot Features

  • Lot Size (Acres): 1.74
  • Driveway/Sidewalk: Asphalt, Crushed Stone, Paved
  • Lot Description: Level Lot, Open Lot, Water View

Water Features

  • Water Front Desc.: Frontage, River, Direct Waterfront

Green Features

  • Energy Features: Thermopane Windows

Financial Considerations

  • Assessment Amount: $187,310
  • Tax Amount: $5,748
  • Tax Year: July 2018-June 2019

Disclosures and Reports

  • Documents Avail.: Legal Description, Other
  • Exclusions: Diner Business Excluded, Building only is for sale
  • Property ID: 2434433

Listed by RANDALL, REALTORS-Christie's, Jan Ledoux and RANDALL, REALTORS-Christie's, John F Pizzi

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Price & Sales History

Price & Sales History for 262 Rte 163 (Oakdale Rd Get Price Alerts

Date
Details
Price
Change
Source
2/11/2018
Price Reduced
$279,900
-3.45%
MLS
6/20/2017
Price Reduced
$289,900
-2.39%
MLS
4/23/2017
Listed
$297,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 262 Rte 163 (Oakdale Rd

Listed by RANDALL, REALTORS-Christie's, Jan Ledoux and RANDALL, REALTORS-Christie's, John F Pizzi

262 Route 163 (Oakdale Road, Montville, CT 06382 (MLS# E10215015) is a Multi-Family property with 4 units containing 6 bedrooms, 2 full bathrooms and 2 partial bathrooms. 262 Route 163 (Oakdale Road is currently listed for $279,900 and was received on April 23, 2017. Want to learn more about 262 Route 163 (Oakdale Road? Do you have questions about finding other Multi-Family real estate for sale in Uncasville? You can browse all Uncasville real estate or contact a Coldwell Banker agent to request more information.