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687 Portland Cobalt Road

Portland, CT 06480
  • $370,000
  • STATUS: Active
  • MLS #: 170462234
UPDATED: 56 min ago
$370,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 43,560
    SQFT
  • $8
    $/SQFT
Type:
Commercial
Built:
1850
County:
Area:

School Ratings & Info

Description

INVESTORS & COMMERCIAL BUSINESSES...RENTALS ARE WELL BELOW MARKET VALUE!! Great location!!This mixed use building located on busy Route 66 offers 5 rental possibilities: repair bays, storage bays, commercial office space and a residential apartment. Rentals now bringing in $4200 a month. Start making cash flow from day one! Long term tenants in place.Gas tanks removed and grave sites tested in 2018.Well: new storage tank 2 years ago, new submersible pump and filter system.Septic (1995): new grinder pump 4 years ago, last pumped August 2021.Structure painted inside and out over the last 3 years.Hardwired fire alarm system.Rented UNIT1- (# 689,687) 3 garage bays with office area, 2 bathrooms. Newer floors, newer furnace, newer garage bays, 2 oil tanks 275 g. ea.UNIT 2- (#695) 1 garage bay, bathroom office, back entrance. Newer bay door newer 200 amp service, newer furnace. 1 oil tank 275 g.UNIT 3- (#697) 1 end garage bay newer bay door, upgrades electrical and circuit breaker, newer furnace. 1 oil tank 275g.UNIT 4- (#639) Apartment: 1 bedroom,1 bath, first floor apartment. Recently painted, newer electrical, newer hot water heater. Kitchen updated in the last 10 years. Oil tank 275 gal.UNIT 5- (#691) Office space/storage approx. 11x12 with bathroom, upgraded circuit panel. All tenants all pay separate utilities.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-12-04T19:09:40.65.
www.anytimerealty.com/homes/125630343
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687 Portland Cobalt Road Portland, CT 06480

  • Price: $370,000
  • Status: Active
  • On Site: Days
  • Updated: 56 min ago
  • MLS #: 170462234
0
Beds
0
Baths
0
½ Baths
1
Acres
43,560
SQFT
$8
$/SQFT
1850
Built
County:
Middlesex
Area:
Portland
Property Description
INVESTORS & COMMERCIAL BUSINESSES...RENTALS ARE WELL BELOW MARKET VALUE!! Great location!!This mixed use building located on busy Route 66 offers 5 rental possibilities: repair bays, storage bays, commercial office space and a residential apartment. Rentals now bringing in $4200 a month. Start making cash flow from day one! Long term tenants in place.Gas tanks removed and grave sites tested in 2018.Well: new storage tank 2 years ago, new submersible pump and filter system.Septic (1995): new grinder pump 4 years ago, last pumped August 2021.Structure painted inside and out over the last 3 years.Hardwired fire alarm system.Rented UNIT1- (# 689,687) 3 garage bays with office area, 2 bathrooms. Newer floors, newer furnace, newer garage bays, 2 oil tanks 275 g. ea.UNIT 2- (#695) 1 garage bay, bathroom office, back entrance. Newer bay door newer 200 amp service, newer furnace. 1 oil tank 275 g.UNIT 3- (#697) 1 end garage bay newer bay door, upgrades electrical and circuit breaker, newer furnace. 1 oil tank 275g.UNIT 4- (#639) Apartment: 1 bedroom,1 bath, first floor apartment. Recently painted, newer electrical, newer hot water heater. Kitchen updated in the last 10 years. Oil tank 275 gal.UNIT 5- (#691) Office space/storage approx. 11x12 with bathroom, upgraded circuit panel. All tenants all pay separate utilities.
Exterior Features

Construction Description BlockConcrete Foundation Type Concrete Lot Description Level LotSloping Lot Parking Total Spaces 0 Road Frontage Description State Road Roof Information Asphalt Shingle

Interior Features

Cooling System Window Unit Heat Type Hot Air Interior Features HoistsLiving Space AvailableSecurity System

Property Features

Bank Owned Property Yn No Commercial Category IndustrialInvestmentOfficeResidential Income Documents Available Environmental Site Assess. Garage Parking Info Paved Heat Fuel Type Oil Location Highway Access Possession Availability Negotiable Potential Short Sale Yn No Present Use Auto DealerOfficeRes. Rent Property Tax 9474 Sewage System Septic Sign Yn Yes Tenants Number Of 3 Utilities Available Electric Water Source Private Well Zoning B2

Listing information © 2022 Smart MLS
Listing provided courtesy of Stacy A Rakus of Coldwell Banker Realty: (860) 633-3661.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-12-04T19:09:40.65.
 
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