132 High Street
Vernon, Connecticut

Description:

132-134 High Street puts two income-producing buildings on one 0.31-acre lot, which makes it a strong fit for an investor or an owner-occupant who wants rental income. 132 High St is a 31/2-story, three-family building with about 4,206 sq ft of finished living space. It has 21 total rooms, 8 bedrooms, 3 full baths and 3 separate kitchens, plus a full basement and a rear deck. 134 High St is a detached 2-story Colonial single-family with about 1,238 sq ft. It has 7 rooms, 4 bedrooms and 2 full baths, along with a covered front porch, a partial basement and a detached garage. Together that's 4 units, 12 bedrooms and roughly 5,400 sq ft of living space, with public water and sewer. Both buildings need full renovation, so this is a true value-add project. Buyers can rebuild the systems and finishes to today's standards and set rents at market levels. With 12 bedrooms across four separate units, a fully renovated property could bring in substantial monthly income and support strong long-term cash flow and equity growth. Owner-occupants could live in the single-family and let the three-family help cover the mortgage, or rent all four units for maximum return.

Listing Courtesy of Exceptional Real Estate LLC