Listing courtesy of Mustafa Muaremi (860) 877-4682, Coldwell Banker Realty (860) 674-0300
12 Arch Street, Manchester, CT, 06040
25 rooms
10 beds
4 Full baths
1906
Units on different Floors, Units are Side-by-Side
4,659 sqft
**BEST AND FINAL by Wednesday 12 pm**....Set behind a classic stone wall and framed by mature trees, 12-14 Arch Street presents a rare opportunity to acquire a fully occupied 4-family asset combining strong in-place cash flow, timeless New England character, and meaningful upside potential. Generating over $103,000 in annual gross income, the property features an ideal unit mix of two 2-bedroom apartments and two 3-bedroom apartments, providing broad tenant appeal and long-term stability. Each apartment offers spacious layouts, abundant natural light, hardwood flooring, updated kitchens and baths, and the architectural charm that continues to attract quality tenants. Enclosed porches, oversized windows, and classic period details create a living experience that stands apart from typical multifamily offerings. The current ownership includes heat in the rent (newer gas boiler) while tenants are responsible for their own electric and other household utilities. With upcoming lease turnover opportunities, investors have multiple ways to boost returns while keeping strong occupancy. Conveniently located near downtown Manchester, shopping, restaurants, parks, and major commuter routes, It offers the rare combination of immediate cash flow, stable tenancy, and future value add.
Status:
Under Contract
Type:
Multi-family
Laundry Remarks:
Washer/Dryer Some Units
Units:
4
Zoning:
RB
Heating:
Baseboard
Cooling:
Ceiling Fans
Basement:
Full
Acreage:
0.4
Est. Taxes:
$9,135
Assessment
$229,400
Lot Description:
Level Lot
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
7
MLS #:
24182804
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School Info
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