Turnkey multifamily investment opportunity in the heart of Putnam, CT. This 7-unit building offers immediate cash flow with a strong unit mix and meaningful recent capital improvements. The property comprises five (5) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units across 5,402 square feet on a 6,500 SF lot. All units have been updated and the building has seen significant reinvestment, including a new roof (2024) and a new rear deck and staircase (2024). All utilities are separately metered, with tenants responsible for their own heat, hot water, and electric. Shared laundry in the basement provides an additional amenity without utility burden to ownership, and each tenant enjoys dedicated basement storage. Current 8.6% cap rate with room to improve.
5,402 Sq Ft
6,534 Sq Ft Lot Size
other
Built in 1870
MLS/Listing ID 24191809
Pool - Inground
Public Sewer
Public Water
Construction - Frame
Porch
Heating - Baseboard
Parking - Paved
Parking - Driveway
TOTAL MONTHLY COST
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