List Price

$1,535,000

Status

Active

Type

Multi-Family

Beds

12

Baths

9

Sq. Ft.

6,346

Built

1780

Acres

0.29

$ / Sq. Ft.

$242

FeeKeeper

269

Style

Units on different Floors

Taxes

$13,119

Nearby Schools
Neighborhood
Tranquility
Market Insights
Property History

Rarely available 9 unit multifamily on Colchester town green! Currently offered at a solid 8.0% Cap Rate with tremendous upside! The main building, dating back to 1780 and known as the Joseph Isham House, exudes charm and character that is attractive to prospective tenants. This property offers a lucrative investment opportunity with well-qualified tenants and minimal vacancies, reflecting the high demand for rental properties in the thriving Colchester market. Each unit has been thoroughly renovated by current ownership while preserving some of the historical aesthetics, such as hardwood flooring and the original cupola overlooking the town. Capital improvements over the past decade include: electrical, plumbing, insulation, roof, main sewer line to street, energy efficient double pane windows, vinyl and tile flooring, drywall, fire rated steel doors, wired fire alarm system, separately metered electric panels, landscaping and tree work. The unit mix includes (1) efficiency, (5) 1-beds, (2) 2-beds, and (1) large 2-bed penthouse, each with separate and tenant paid electric water heaters and baseboard heat. Capitalize on high demand as rents continue to soar, with a rent roll that has already seen a remarkable 15% increase from 2022. Don't miss out on this one-of-a-kind opportunity and a chance to outperform most multifamily investments!

Home Tours

Our no-obligation tours are hassle free, just pick a date and time. Open houses are a great way to SAVE, just add to your calendar and show up.
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You Keep The Fee

Estimated rebate calculated using List Price and co-broker commission offered on the MLS. Realtor commission rebates are not available where prohibited by law. See full Terms and Conditions .

$23,025

$1,535,000 • 1.50%

Make Offer

Questions

FeeKeeper is here to help, reach out with any questions you may have.

(860) 310-1255

Brokered By

Tyler Egner, Sky Realty Group

  • Last Checked 1 Minute
  • Last MLS Update 64 Days

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