96 Spring Street
Vernon, Connecticut

Description:

Excellent opportunity for an investor or owner-occupant! This well-maintained three-family property offers strong existing income with additional upside. Two units are currently rented for a combined $3,800/month, while the vacant third unit has a projected rental value of approximately $1,850/month, bringing potential gross rents to about $5,650/month. Two units have been remodeled with updated kitchens, bathrooms, flooring and finishes, making this a turnkey investment with limited immediate work needed. All required Building Department permits and Fire Marshal clearances have been obtained for the property's current three-family use. The building also features a finished, heated attic (owners panel) that provides additional flexible space for an office, storage or other permitted use. A future owner may also explore conversion to a fourth unit, subject to zoning, building, fire and municipal approvals, including any required fire escape modifications. Each unit has its own furnace, with separate washer/dryer hookups in the basement. Paved off-street parking for approximately 8 cars. Conveniently located near shopping, restaurants, major roadways and everyday amenities. Rent the vacant unit for additional income or move right into the turnkey 2-bedroom apartment while collecting rent from the other units. Great opportunity for immediate cash flow and future upside! Agent/Owner

Listing Courtesy of Exceptional Real Estate LLC