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$600,000
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Property Description
Located in Wolcott, CT, this large multifamily property at 1259 Wolcott Rd. offers a practical investment opportunity with its six units, each featuring two bedrooms and one bathroom. The living spaces are efficiently designed, providing comfortable accommodations for residents. Recent upgrades to the property include a new rear deck, updated bathrooms, and improved exterior lighting, enhancing the overall living experience for tenants. The property boasts a spacious backyard with access to a forest trail, offering outdoor space for residents to enjoy. The septic system and well are in good condition, having been inspected just a year ago. Each unit has its own electrical meter, and there is an additional owner panel, with common charges ranging from $32-40 per month. The owner is responsible for the heat and gas utilities, serviced by a single meter. With new boilers and hot water heaters in place, as well as a roof that is approximately three years old, the property is well-maintained and ready for continued use. Currently at 100% occupancy, this multifamily residence in Wolcott represents a solid investment with steady rental income. The current rents are below market rate and can be raised to $1500 per unit.
Full Property Details
Full Property Details for 1259 Wolcott Rd
General
- Sold For: $600,000
- Taxes: (July 2023-June 2024)
- Status: Closed
- Type: Commercial
- Source: SMARTMLS
- MLS ID: 24011438
- Added to Site: 228 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 6
- Full Bathrooms: 6
Location
- County: New Haven
- Driving Directions: GPS
Heating & Cooling
- Cooling Type: Window Unit
- Heating Type: Baseboard, Hot Air, Natural Gas
- Heating Fuel: Natural Gas
Utilities
- Sewer: Septic
- Water: Private Well
- Utility Description: Electric, Electric Available, Gas, Gas Available
Structural Information
- Roof: Asphalt Shingle
- Stories/Levels: 2
- Stories in Building: 2
- Square Feet: 3,281
- Sq. Ft. Source: Public Records
- Living Area: 3,281 Sq. Ft.
- Current Bldg. Use: Residential income
- Year Built: 1950
Unit Information
- # Tenants: 6
Unit 1
- Unit Description: 2 Bedrooms
- Square Feet: 546
- Total Bathrooms: 6
Lot Features
- Lot Size (Acres): 1.37
- Frontage: State Road
- Present Use: Residential income
- Potential Use: Residential income
- Zoning: GC
- Lot Description: Dry
Financial Considerations
- Assessment Amount: $209,320
- Tax Year: July 2023-June 2024
Disclosures and Reports
- Documents Avail.: None
- Property ID: 1443809
Listed and Sold by Berkshire Hathaway NE Prop., Lisa Cozzi Team, Tyler DeVecchis
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Schools
Schools serving 1259 Wolcott Rd
School District:Wolcott School District
Rating | Name | Grades | Distance |
---|---|---|---|
500 Todd Rd, Wolcott, CT 06716 | 6-8 | 4.5 mi | |
457 Bound Line Rd, Wolcott, CT 06716 | 9-12 | 1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1259 Wolcott Rd
Date
Details
Price
Change
Source
7/03/2024
Sold
$600,000
0.02%
MLS
4/18/2024
Listed
$599,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1259 Wolcott Road, Wolcott, CT 06716 (MLS# 24011438) is a Commercial property that was sold at $600,000 on July 03, 2024. Want to learn more about 1259 Wolcott Road? Do you have questions about finding other Commercial real estate for sale in Wolcott? You can browse all Wolcott real estate or contact a Coldwell Banker agent to request more information.