Listing courtesy of Mustafa Muaremi (860) 877-4682, Coldwell Banker Realty (860) 674-0300
18 Arch Street, Manchester, CT, 06040
28 rooms
10 beds
4 Full baths
1919
Units are Side-by-Side, 4sides - Units Are Side-by-Side
3,840 sqft
**BEST AND FINAL by Wednesday 12 pm**....Opportunity knocks in Manchester. Tucked away in a private, wooded setting yet minutes from I-384, I-84, Buckland Hills, and downtown amenities, 18-24 Arch Street offers a rare chance to acquire a fully occupied 4-family with strong rental history and immediate income. The building features four spacious units - a desirable mix of 2 and 3-bedroom layouts showcasing hardwood floors, updated kitchens, generous room sizes, and abundant natural light. Several units offer oversized living spaces, dedicated storage, covered porches, and unique bonus areas that appeal to long-term tenants. Separate gas, oil and electric meters for all units. Large paved parking area provides convenience rarely found in properties of this size. Set on a secluded lot bordered by mature trees, the property delivers privacy while remaining close to everything Manchester has to offer. Current gross rent: $7,385/mo | $88,620 annually | 9% cap rate | All 4 leases in place through 2027-2028. Strong occupancy, well-maintained living spaces, and stable collections make this an attractive addition for seasoned investors and those looking to expand their portfolio. Properties with in-place cash flow, tenant-friendly layouts, and a private wooded setting rarely become available in this market. A compelling turnkey opportunity in a high-demand Hartford County rental corridor. More pictures coming soon
Status:
Under Contract
Type:
Multi-family
Units:
4
Zoning:
RB
Heating:
Baseboard
Cooling:
Ceiling Fans
Basement:
None
Acreage:
0.31
Est. Taxes:
$8,466
Assessment
$212,600
Lot Description:
City Views,Level Lot
Elementary School:
Per Board of Ed
High School:
Per Board of Ed
Days on Market:
7
MLS #:
24182827
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