Another Property Sold - 603 Wormwood Hill Road, Mansfield, CT 06250

by Ferrigno-Storrs 12/08/2023

603 Wormwood Hill Road, Mansfield, CT 06250
MultifamilySold
List Price $549,900
Sold Price $520,000
603 Wormwood Hill Road
Mansfield, CT 06250
Courtesy of Ferrigno-Storrs, Realtors LLC
MLS: Smart MLS
6Beds
5Baths
Est. Mortgage
$2,938/mo

Investors take notice! Very rare in Mansfield, this 5-unit portfolio of properties is comprised of three separate buildings on a 6 acre parcel of land. The first building is a circa 1800 2-bedroom ranch in nice condition. Updated interior, freshly painted exterior, oil heat, tenant is responsible for all utilities. Adjacent to the ranch is a 1-car detached garage currently included in the lease. This building is on its own septic system that has been updated. The second building is a duplex (units A and B). Both units are efficiency units with large partitions (bookcases/wardrobes) that go up close to the ceiling to make a bedroom area. Both units sport ample built-ins & storage, one has a back deck, each unit has its own furnace (heat is tenants responsibility) but landlord pays for electricity & propane (used for kitchen oven/range). Electricity & Propane expense to the owner total around $2,000 a year. There is a full basement underneath accessed via bulkhead door. This building is on it's own septic system that has also been updated. The third building is another duplex (units C and D). One unit is a true 1-bedroom, the other is an efficiency (like A&B). These units have separate electric meters & are electric heat, so utilities are only on the tenants. This building's septic system will need updating. One unit has a back deck and there is a full basement underneath accessed vial bulkhead door. New windows throughout, mid-life roofs, 1 well to serve all 3 buildings

Learn more about this property