$800,000

About This Property

As of May 6th, this unicorn of a five family investment property , is the only option available currently in all of Newington . It is very close to the town hall and firestation on Main Street. Normally there are only duplexes , condos, or perhaps a triplex available for investors to consider . This 4 unit multi family house, is a functional 5 family income producer. It has 3 of the 5 units available to tour in person currently, due to logistics and respect for our tenants time and cooperation. Tours are only being arranged for Saturday afternoons currently . However , exceptions are possible. The photo is from a few years ago , and the plot plan is posted for the lot that could be split off , that meets the required setbacks . It is diagonally across from the firestation. It has not been on the market in the past 40+ years. The current rental rates are under market comparable to other units like condos or duplex rates in town . The plot plan shows that a building lot is possible to be split off and sold or re developed , which the town has verified. Additionally, there are two spaces or areas in the house that have the possibility of being converted in units, which would make it a 7 unit functional investment property. Or perhaps it could be converted back to a single family home. The property has cosmetics issues and needs power washing, painting, and isolated trim that needs to be addressed. I am the owner and the agent .