87-89 North Street Active Save Request In-Person Tour Request Virtual Tour
Windham,CT 06226
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,981 sqft
Price per Sqft $117
MLS Listing ID 24087977
Style Other
Bedrooms 6
Full Baths 2
Year Built 1920
Annual Tax Amount $6,868
Lot Size 9,147 Sqft
Property Sub-Type 2 Family
Property Description
TWO HOUSES ON ONE PROPERTY! This unique investment opportunity at 87-89 North Street in Willimantic, CT, presents a compelling proposition for investors. The property comprises TWO single-family homes situated on a single lot, each with its own driveway and access to a large garage located conveniently on the front house's driveway. The rear house, a charming 1,224 square-foot dwelling, currently offers two bedrooms, a spacious kitchen, dining room, a laundry area, and a full bathroom. Its existing condition presents a stable rental income stream, mitigating risk during the renovation of the front house. The front house, approximately 1,757 square feet, has been completely stripped to the studs, providing a blank canvas for a renovation. New roof was put on in 2023. The size and layout allow for the creation of a four-bedroom residence, significantly increasing potential rental income or providing expansive living space for an owner-occupant. Rehabilitation plans could incorporate features to maximize rental appeal and profitability. The location is another key advantage. The property's proximity to Main Street places it within easy walking distance and bus lines to shopping mall, restaurants, and Eastern Connecticut State University, providing a strong pool of potential renters. The close proximity to the university creates a consistent demand for housing, don't miss this opportunity!
Location
State CT
County Windham
Zoning NPR2
Rooms
Basement Full,Unfinished
Interior
Heating Radiant
Cooling None
Fireplaces Number 1
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed