Investors, don't miss this value-add opportunity in the heart of Willimantic! This mixed-use, 4 UNIT property is full of potential and ready for your vision. The first floor features a former salon space along with an adjacent office or retail unit, offering multiple income streams. The second floor is a spacious 5-bedroom, 1.5-bath unit in need of renovation-perfect for a full rehab to maximize value. The third floor offers a bright and functional 3-bedroom, 1-bath layout. With strong rental upside and a prime Main Street location just minutes from ECSU and UCONN, this property has the potential to be a high-performing asset. Bring your ideas and unlock the possibilities!
1163 Main Street, Windham, CT, 06226
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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