27
See all 27 photos
$450,000
Est. payment /mo
7 Beds
4 Baths
2,800 SqFt
New
12 Aspinook Street Griswold, CT 06351
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Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,800 sqft
Price per Sqft $160
MLS Listing ID 24150160
Style Units on different Floors,Units are Side-by-Side
Bedrooms 7
Full Baths 4
Year Built 1925
Annual Tax Amount $5,166
Lot Size 7,405 Sqft
Property Sub-Type 4 Family
Property Description
Investor Opportunity - 4-Family with Unit Mix & NOI Upside Excellent opportunity to acquire a 4-unit multifamily investment property with a strong unit mix and clear upside potential walking distance to Jewett City. The building consists of two 1-bedroom units, one 2-bedroom unit, and one 3-bedroom unit (Unit C), providing broad tenant appeal and flexibility for maximizing rental income. Recent improvements include new flooring and fresh paint throughout, along with a significant build-out of two additional bedrooms in Unit C, substantially increasing its rental potential. Units B and D feature new appliances, new countertops, new kitchen cabinets, tile shower, new bath vanities and fixtures, and new windows, enhancing tenant demand and reducing near-term capital needs. The stairs and entry porch for Unit D have been newly rebuilt, improving both safety and curb appeal. Each unit offers two private exterior entrances, minimizing common area maintenance and operating expenses. There is additional NOI upside, as heat and hot water can be separated, allowing utilities to be shifted to tenants and further improving cash flow. The property also benefits from ample off-street parking located directly across from the building, a valuable amenity that supports tenant retention. With recent upgrades already completed and additional value-add opportunities available, this property presents a solid, investor-oriented asset offering both current income and future NOI growt
Location
State CT
County New London
Zoning RBR
Rooms
Basement None
Interior
Heating Hot Water
Cooling None
Exterior
Exterior Feature Sidewalk, Porch
Parking Features Paved, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Brick, Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Harrison Graham • IMT Realty