1077 Main Street
Manchester, Connecticut

Description:

Major renovations have been done within last 12 years. The roof, all windows, heating system, fire alarm system, 10 of 11 apartment units have been updated, including plumbing, electrical. Downtown Manchester, near by Manchester new library. Most residential tenants are in yearly renewal lease. The commercial tenant lease ends in 2028 (commercial tenant pays own water & sewer), with option to extend. Landlord pays for heat, cold & hot water, sewer, real tax, trash & Insurance. Current rents are below market value. Very stable tenants. Mixed use building consists 11 unit apartments ( 3 studio , 8 one bedroom) and one store front unit.

Listing Courtesy of Sovereign Properties