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452 East St 8 Unit Apartment Building $1,380,565 CAD ($172,571 CAD/Unit) 7.20% Cap Rate Plainville, CT 06062



INVESTMENT HIGHLIGHTS
- Amazing 8 unit opportunity in the desirable Plainville market!
- Prime location close to shopping, dining, and major routes, this property is both a stable income producer and a strong growth opportunity.
- 2 buildings on 1 lot - this property offers a versatile mix of spacious studios, 1-bedroom apartments, and one commercial tenant.
EXECUTIVE SUMMARY
Amazing 8 unit opportunity in the desirable Plainville market! 2 buildings on 1 lot - this property offers a versatile mix of spacious studios, 1-bedroom apartments, and one commercial tenant. The property has ample off-street parking, a partially finished basement with future opportunities to explore and is well-located with easy access to everything the area has to offer. Several units have been recently updated with high-end finishes, providing an excellent base and opportunity to add value by bringing other units up to market rates. With tenant-paid electric utilities and a prime location close to shopping, dining, and major routes, this property is both a stable income producer and a strong growth opportunity. Don't miss your chance to own a well-positioned asset in an unbeatable location!
PROPERTY FACTS
| Price | $1,380,565 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $172,571 CAD | Building Class | C |
| Sale Type | Investment or Owner User | Lot Size | 0.32 AC |
| Cap Rate | 7.20% | Building Size | 8,000 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment | Parking Ratio | 2.31/1,000 SF |
| Zoning | GC | ||
| Price | $1,380,565 CAD |
| Price Per Unit | $172,571 CAD |
| Sale Type | Investment or Owner User |
| Cap Rate | 7.20% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.32 AC |
| Building Size | 8,000 SF |
| No. Stories | 2 |
| Year Built | 1950 |
| Parking Ratio | 2.31/1,000 SF |
| Zoning | GC |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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PROPERTY TAXES
| Parcel Number | PLAI-000042-M000000-000001 | Improvements Assessment | $156,074 CAD |
| Land Assessment | $299,337 CAD | Total Assessment | $455,411 CAD |
PROPERTY TAXES
Parcel Number
PLAI-000042-M000000-000001
Land Assessment
$299,337 CAD
Improvements Assessment
$156,074 CAD
Total Assessment
$455,411 CAD
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452 East St
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