106a Tripp Hollow Road
Brooklyn Connecticut

Description:

ATTENTION INVESTORS - HUGE OPPORTUNITY! 106A Tripp Hollow Rd, Brooklyn, CT Rare investment with cash flow + development upside on 23.5 acres in desirable Brooklyn, CT! Development Potential: Subdivide and build up to 7 new homes-ideal for a future residential community. Income-Producing Assets: * Small House - Currently rented (under market); can rent for $1,700/mo. * Two Massive Buildings - Approx. 26,000+ SF & 20,000+ SF. Great for storage, office, studio, or workshop space. * Immediate Lease Option - Seller will lease 25% of one building at $2,500/mo. Infrastructure: * Full electrical throughout both buildings * HVAC in 30% of the larger building * Metal roofs + structural report * Pest inspections complete * The smaller building (20ksf) has structural report (needs 3rd floor & roof repair - seller says if fixed, price is 950k) Projected Income: $25K+/mo with $1M in upgrades. ROI potential over $2M combining rental, commercial, and residential development value! Seller has an engineering report proposal for building 7 houses and utilizing building space is in the works. Don't miss this rare, high-upside opportunity in Eastern CT!

Listing Courtesy of Chabot & Associates Real Estate