1 East Main Street

Griswold, CT 06351

$1,175,000
Price
18
Beds
7
Baths
11,048 Sq. Ft.
$106 / Sq. Ft.
11,048
Sq. Ft.
$106
per Sq. Ft.

Description

Rarely available cash flowing 11-unit opportunity in downtown Jewett City! The property features 7 residential units and 4 commercial units. Each unit has separate utilities and there is on/off street parking. Coin-op laundry on site for tenant convenience and additional income! Several units have been updated in the last few years with modern kitchens and bathrooms. Additional upgrades include a new roof in 2019, 2 new hot water heaters in 2023 and a new gas boiler in 2022. Amazing value add potential...Rarely available cash flowing 11-unit opportunity in downtown Jewett City! The property features 7 residential units and 4 commercial units. Each unit has separate utilities and there is on/off street parking. Coin-op laundry on site for tenant convenience and additional income! Several units have been updated in the last few years with modern kitchens and bathrooms. Additional upgrades include a new roof in 2019, 2 new hot water heaters in 2023 and a new gas boiler in 2022. Amazing value add potential with increased rents and upgrades.
  1. Listed by Maddy Ceruti • Berkshire Hathaway NE Prop.
    P: (860) 633-3674 C: (860) 578-8648 MaddyCeruti@bhhsne.com

Property Details for 1 East Main Street

Basement Description
Full, Unfinished, Shared Basement
Direct Waterfront
No
Neighborhood
N/A
Style
Other
Garage Parking Info
None
Swimming Pool
No

Location

Listing Courtesy of Berkshire Hathaway NE Prop., Maddy Ceruti
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LISTING UPDATED: 05/14/2024 08:11 PM

Property Details for 1 East Main Street

StatusActive
MLS #24016398
Days on Market12
Taxes$9,303 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1850
Lot Size0.24 AC / 10,454 SF
CountyNew London County

Location

Listing Courtesy of Berkshire Hathaway NE Prop., Maddy Ceruti
Add your commute

Building Information for 1 East Main Street

Stories-Residences11Year Built1850Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

$7,188 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,412

Property Taxes

$775

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1 East Main Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.606791
  • Longitude: -71.980942
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $9,303
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Hot Water
  • Attic YN: No
  • Fireplaces Total: 0
  • Rooms Total: 34
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle, Flat
  • Year Built: 1850
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 11048
Lot Information
  • Lot Description: City Views, Level Lot
  • Parcel Number: 1479482
  • Sq Ft Est Heated Above Grade: 11048.0
  • Sq Ft Total: 11048.0
  • Zoning: B-C
Utilities
  • Heat Fuel Type: Natural Gas, Oil
  • Hot Water Description: Other
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 41064
  • Gross Annual Income: 133920
  • Net Operating Income: $84,990
  • Occupied By: Tenant
  • Total Number of Units: 11
Unit 1
  • Listing Key: 17F741B97E23D1BDE063D501100AB608
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 05-14-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 2
  • Listing Key: 17F741B97E23D1BDE063D501100AB608
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 05-14-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 3
  • Listing Key: 17F741B97E23D1BDE063D501100AB608
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 05-14-2024
  • Unit Num Bedrms: 4
  • Unit Num Rooms: 7
Unit 4
  • Listing Key: 17F741B97E23D1BDE063D501100AB608
  • Unit Entry Order: 7
  • Unit Full Baths: 1
  • Unit Modified Date: 05-14-2024
  • Unit Num Bedrms: 4
  • Unit Num Rooms: 7
Unit 5
  • Listing Key: 17F741B97E23D1BDE063D501100AB608
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 05-14-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 6
  • Listing Key: 17F741B97E23D1BDE063D501100AB608
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 05-14-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
Unit 7
  • Listing Key: 17F741B97E23D1BDE063D501100AB608
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 05-14-2024
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4

Property History for 1 East Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1 East Main Street

Taxable ValueLand$39,480Additions$281,750Total$321,230
Tax Record2023$9,303 ($775 / month)
Home Facts
Baths7Total Finished SqFt11,048 SqFtAbove Grade Finished SqFt11,048 SqFtStories3Lot Size10,454 SqFtStyleOffice BuildingYear Built1850Year Renovated1971ZoningB-CCountyNEW LONDONAPNGRIS M:26 B:8 L:10

Schools near 1 East Main Street

This home is within Griswold School District.
Rating
School
Type
Grades
Distance
Public - PK to 4
Public - 5 to 8
Public - 9 to 12
Public - 8 to 12
Rating
School
Distance
Griswold Elementary School
PublicPK to 4

Griswold Middle School
Public5 to 8

Griswold High School
Public9 to 12

Griswold Alternative School
Public8 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1 East Main Street is a multi-family home for sale in Griswold, CT 06351. This property was listed for sale on May 8, 2024 by Berkshire Hathaway NE Prop., it's currently listed at $1,175,000. It has been on the market for a total of 12 days and was last sold on October 3, 2003. This listing's school district is Griswold School District. Nearby schools include Griswold Elementary School, Griswold Middle School and Griswold High School. 1 East Main Street is a 18-bed, 7-bath, 11,048 sqft multi-family home built in 1850.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Berkshire Hathaway NE Prop., Maddy Ceruti

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.