Price Reduced 9.55%

$995,000 ($204.73 per sqft)

Est. Mortgage $4,837/mo *

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Price History

$1,100,000
8/3/2024

$995,000
11/5/2024

175 Main Street, Winchester, (Winsted), CT, 06098

175 Main Street, Winchester, (Winsted), CT, 06098
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14 beds

7 Full baths

1900

Units on different Floors, Units are Side-by-Side

4,860 sqft

Addresses include 175 Main Street and 183 Main Street in Winsted, CT. Amazing opportunity to acquire a 9 Unit Asset (7 Apartments + 2 Retail) in Winsted with anchor tenant Noli's Restaurant (Rent $2,266 w 3% increase/year) w over 20 years in business! Pride of Ownership is evident with Capital Improvements made by the current owners, including: new water heaters, heating zones, electrical upgrades, fire rated tenant main doors & new fire alarms/strobes in both buildings. The unit mix is: 1, 4 bedroom ($1,100); 4, 2 bedrooms ($1,000; $1,050; $900; the other can be rented for up to $1500 per month) and 2, 1 bedroom units ($950 each). The 175 Main St had a roof replacement in 2021, a privacy fence enclosure installed & all 4 residential units have gone through renovations. 183 Main St has had a roof replacement in 2023, aft wall structural repair, new studs, insulation, beams & siding. 183 2A has been refurbished. One retail space is leased to Noli's Restaurant which has a patio. Noli's pays their heat and electric. The current owner leased the second retail space to Northwest Soup & Deli ($1500 then $1650 on 1/1/2025) and this establishment has all new equipment. They pay their own electric and a fixed gas, water/sewer reimbursement to the Owner. The residential tenants pay their electric. Owners are very meticulous and detail oriented. This is a seamless opportunity to own a well-run asset. Properties being sold together.

Status:

Active

Town:

Winchester

Type:

Multi-family

Units:

9

Zoning:

TC

Heating:

Baseboard

Cooling:

Central Air, Window Unit

Basement:

Full

Acreage:

0.13

Est. Taxes:

$5,322

Assessment

$195,370

Lot Description:

City Views,Level Lot

Elementary School:

Per Board of Ed

Middle School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

109

MLS #:

24037338

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Ryan Rea, Berkshire Hathaway NE Prop. Email: ryanrearealtor@gmail.com