10 days on market
Under Contract
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203 School St , Putnam CT 06260

Current Price: $219,999

5 beds 3 baths 1887 sq. ft

Last Update: 5/9/2024

Property Type: Multi-Family For Sale

Public Remarks

Investment Opportunity: 3-Family Home in Putnam, CT Discover a unique investment in Putnam, CT: a 3-family home currently generating $2,750/mo in rental income. With two 2-bedroom units and a cozy 1-bedroom unit, this property offers immediate cash flow and diverse tenant appeal. Although in need of repair, it presents a prime opportunity for value addition and increased returns. **Highlights:** - **Location:** Prime spot in vibrant Putnam. - **Income:** $2,750/mo from 3 units. - **Potential:** High renovation potential to boost value and appeal. - **Units:** Two 2-bedrooms and one 1-bedroom. - **Investment:** Perfect for both new and seasoned investors. Ideal for those looking to refurbish and capitalize on the growing demand in Putnam. This is more than just a property; its a chance to shape and enhance a project with significant upside. Dont miss out on this investment ripe with potential for growth and profitability. Excellent opportunity for someone to do the BRRR Strategy, will not go through FHA or VA financing as is

Map to Property at 203 School St , Putnam CT 06260


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Residential Property Information for 203 School St , Putnam CT 06260

MLS #: 24007379

Style:

Color:

Total Rooms:

Bedrooms: 5

Bathrooms: 3

Acres: 0.1

Year Built: 1900 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $3,189

Zoning: R7

Mil Rate:

Assessed Value: $100,300 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 1887; below grade sq feet total is ; total sq ft is 1887

Features
Basement Desc.: Partial
Exterior Siding: Vinyl Siding
Foundation: Brick,Concrete
Roof: Asphalt Shingle
Garage/Parking Type: None,Paved
Swimming Pool: 0
Lot Description: Corner Lot,City Views,Sloping Lot,Historic District
Utility Information

Hot Water System Electric,30 Gallon Tank

Heat Type: Gas on Gas,Hot Air,Radiator

Fueled By: Electric,Gas In Street.

Cooling: None

Fuel Tank Location: Above Ground

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Putnam

Marketing History

Current List Price: $219,999

Original List Price: $219,999

DOM: 10

Listing Date: 4/1/2024

Last Updated: 4/11/2024 3:33:46 PM