$1,550,000
$1,600,000
3.1%For more information regarding the value of a property, please contact us for a free consultation.
37 Crystal Lane Mansfield, CT 06268
9,800 SqFt
Key Details
Sold Price $1,550,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 9,800 sqft
Price per Sqft $158
MLS Listing ID 170591297
Sold Date 11/15/23
Year Built 1987
Annual Tax Amount $15,001
Property Description
7 condo portfolio, owner of this portfolio is the largest owner in the condo association. Current owner owns about 17% of the units in the association, all of which have a strong history of being rented to UCONN students as the property is right next to UCONN in Storrs, CT. Will be 100% occupied by September. Great value add property for someone looking to buy this portfolio and then buy out the entire association. Current mortgage can be transferred to the buyer with a 4.25% interest rate (balance on mortgage is about $975k).
Location
State CT
County Tolland
Zoning RAR90
Interior
Heating Baseboard
Cooling Wall Unit
Exterior
Parking Features Attached Garage, Parking Lot
Utilities Available Electric, Telephone, Cable
Roof Type Asphalt Shingle
Building
Foundation Block, Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Read Less
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Bought with Richard P. Ballou • Houlihan Lawrence WD