102 Brookside Lane
Mansfield, Connecticut

Description:

VALUE-ADD OPPORTUNITY IN MANSFIELD! Offered at $335,000, this distinctive 14.9-acre property combines investment potential, privacy, acreage and opportunity. Tucked well back from the road, the property includes a 3-bedroom, 2-bath home, impressive 2,560 SF pole barn, pond and wooded acreage. Grandfathered for rental occupancy by four unrelated persons, creating particular appeal for investors seeking a Mansfield/UConn-area rental. Based on current rental expectations, potential income may approach $4,400/month when renovated and properly positioned; buyers should independently verify rents and requirements. The home needs substantial renovation and is being sold AS-IS, making it well suited for investors, contractors or capable buyers who can perform some or all of the work themselves and create built-in equity. A recently replaced roof addresses one major improvement, and repair/upgrade estimates are available. The large barn offers excellent equipment, workshop, storage or hobby-farm space. Nearly 15 acres provide room for recreation, animals, gardens and a private country lifestyle, with possible subdivision potential also worth exploring. A rare combination of acreage, rental potential, privacy and upside for the buyer ready to complete the improvements.

Listing Courtesy of Home Selling Team