ACCEPTING BACKUPS0.68 ACRES
19 Chestnut St
Willimantic, CT 06226
Studio
13,769 sqft (on 0.68 acres)
- Studio
- 13,769 sqft (on 0.68 acres)
Studio
13,769 sqft
(on 0.68 acres)
Local Information
© Google
-- mins to
Commute Destination
Description
Rental complex for sale! Just shy of $20,000/month rent roll! Currently 97% rented. Most utility expenses are covered by the tenants. 11 units located 3 blocks from ECSU and 8 miles from UConn. University populations are increasing! 38 bedrooms and 11.5 bathrooms total amongst 2 apartment buildings and one single family house. 1 6-family, 1 4-family, and 1 single family. Roughly 13,769 sqft of total living space, 1,176 sqft of additional space. The sale of the complex consists of the properties 27-29 Chestnut Street, 19-25 Chestnut Street, and 49 Spring Street, all in Willimantic Connecticut. The property includes a common area barn and a heated storage garage that can be leased for more income. All properties are in the same location to form one compound. Plenty of off street parking connecting all of the properties together. Plenty of street parking as well. Plenty of value-add opportunities! Turn-key operation ready for a new owner! 2023 Financials: Total 2023 Operating Income: $228,732 Total 2023 Portfolio Expenses: $106,411 -Total taxes: $27,826 -Total insurance: $8,835 -Total utilities: $28,440 -Total property management: $11,000 -Total payroll: $11,000 -Total professional costs: $3,000 -Total repairs & maintenance costs: $10,560 -Total trash removal: $1,750 -Total landscaping/snow removal cost: $4,000 NOI: $122,321 Cap Rate: 9.41% Unit Breakdown: -29 Chestnut, 30 (3rd floor 4 bedroom, 1 bath, 1,579 sqft, $2,000/month income. Utilities: water/sewer and hot water included. Electricity and gas heat paid by tenants.) -29 Chestnut, 20F (2nd floor front unit, 2 bedroom, 1 bath, 800 sqft, $1,400/month income. Utilities: water/sewer, heat, and hot water included. Electricity paid by tenants.) -29 Chestnut, 20R (2nd floor rear unit, 2 bedroom, 1 bath, 800 sqft, $1,325/month income. Utilities: water/sewer, heat, and hot water included. Electricity paid by tenants.) -27 Chestnut, 10F (1st floor front unit, 2 bedroom, 1 bath, 800 sqft, $1,300/month income. Utilities: water/sewer, heat, and hot water included. Electricity paid by tenants.) -27 Chestnut, 10R (1st floor rear unit, 2 bedroom, 1 bath, 800 sqft, $1,300/month income. Utilities: water/sewer, heat, and hot water included. Electricity paid by tenants.) -27 Chestnut, Ground (Ground floor unit, 2 bedroom, 1 bath, 1,579 sqft, $1,300/month income. Utilities: water/sewer, heat, and hot water included. Electricity paid by tenants.) -19 Chestnut (Ground floor, 5 bedroom, 1 bath, 1,444 sqft, $1,800/month income. Utilities: water/sewer included. Electricity and gas heat and hot water paid by tenants.) -21 Chestnut (1st floor, 5 bedroom, 1 bath, 1,444 sqft, $2,000/month income. Utilities: water/sewer included. Electricity and gas heat and hot water paid by tenants.) -23 Chestnut (2nd floor, 5 bedroom, 1 bath, 1,444 sqft, $2,000/month income. Utilities: water/sewer included. Electricity and gas heat and hot water paid by tenants.) -25 Chestnut (Rented by the room, 1 bedroom vacancy) (3rd floor, 4 bedroom, 1 bath, 1,444 sqft, $1,540/month income. Utilities: water/sewer included. Electricity and gas heat and hot water paid by tenants.) -49 Spring (Single family, 5 bedrooms, 1.5 bath, 1,633 sqft, $4,000/month income, all utilities included (gas heat/hot water, electricity, water/sewer.)
Home Highlights
Parking
Open Parking
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$94
Listed
68 days ago
Home Details for 19 Chestnut St
Interior Features |
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Interior Details Basement: Partial,Unfinished |
Dimensions and Layout Living Area: 13769 Square Feet |
Appliances & Utilities Appliances: Water HeaterLaundry: Coin Op Laundry,Common Area |
Heating & Cooling Heating: Baseboard,Forced Air,Radiator,Steam,Electric,Natural Gas,OilNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Baseboard |
Fireplace & Spa Number of Fireplaces: 2Has a Fireplace |
View Has a ViewView: City |
Exterior Features |
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Exterior Home Features Roof: Asphalt ShingleFoundation: Brick/Mortar, StoneNo Private Pool |
Parking & Garage No CarportNo GarageNo Attached GarageHas Open ParkingParking Spaces: 25Parking: Driveway,Paved,Off Street |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Finished Area Finished Area (above surface): 13769 Square Feet |
Days on Market |
|---|
Days on Market: 68 |
Property Information |
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Year Built Year Built: 1908 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi FamilyArchitecture: Units on different Floors,Other |
Building Construction Materials: Vinyl Siding, Wood Siding, AsbestosNot a New ConstructionDoes Not Include Home Warranty |
Property Information Parcel Number: 2289948 |
Price & Status |
|---|
Price List Price: $1,300,000Price Per Sqft: $94 |
Status Change & Dates Possession Timing: Immediate |
Active Status |
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MLS Status: Under Contract - Continue to Show |
Location |
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Direction & Address City: WindhamCommunity: Willimantic |
School Information Elementary School: Per Board of EdHigh School: Windham |
Agent Information |
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Listing Agent Listing ID: 170625002 |
Building |
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Building Area Building Area: 13769 Square Feet |
Community |
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Community Features: Near Public Transport, Library, Medical Facilities, Pool, Shopping/Mall |
HOA |
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No HOA |
Lot Information |
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Lot Area: 0.68 acres |
Miscellaneous |
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BasementMls Number: 170625002Zillow Contingency Status: Accepting Back-up OffersAttic: Access Via Hatch |
Additional Information |
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Near Public TransportLibraryMedical FacilitiesPoolShopping/Mall |
Last check for updates: about 19 hours ago
Listing courtesy of Jake Cordelli
Cordelli Realty LLC
Source: Smart MLS, MLS#170625002
Price History for 19 Chestnut St
| Date | Price | Event | Source |
|---|---|---|---|
| 02/19/2024 | $1,300,000 | Listed For Sale | Smart MLS #170625002 |
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Comparable Sales for 19 Chestnut St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.09 | Multi-Family Home | $460,000 | 03/07/24 | 9 | 6 | 4,595 | |
0.15 | Multi-Family Home | $340,000 | 09/25/23 | 4 | 4 | 3,092 | |
0.11 | Multi-Family Home | $230,000 | 06/05/23 | 6 | 2 | 2,364 | |
0.45 | Multi-Family Home | $290,000 | 11/30/23 | 7 | 3 | 2,976 | |
0.46 | Multi-Family Home | $289,000 | 08/04/23 | 4 | 3 | 2,741 |
What Locals Say about Willimantic
- Tjflaherty29
- Resident
- 3y ago
"Plenty of nice places to walk your dogs. Always get safe walking around here. Only issues are when people don’t leash there dogs but that’s anywhere really."
- Debora.escalona
- Resident
- 3y ago
"I have to drive at least 25 min to get to most places outside of here. Don’t really see public transportation, not very walkable. "
- Aaron D.
- Resident
- 4y ago
"Densely populated area. Never have any issues living here. Well situated from major cities but also feels very country. "
- Flor R.
- Resident
- 4y ago
"My neighborhood is quiet and neighbors are friendly. Could benefit from more lighting around. Is dark at night."
- Liz S.
- Resident
- 4y ago
"Me as a dog owner love this area cause everyone respect when you are walking your dog or at a park. People have their dog on leash. This neighborhood need a dog park."
- Flor R.
- Resident
- 4y ago
"Is a nice neighborhood just wish the city would provide more lighting since us really dark at night. "
- Flor R.
- Resident
- 4y ago
"Great town but public transport needs to increase and get better. For the most part you will need a car."
- Kyle
- Resident
- 4y ago
"Long time resident of Willi. I've never had a problem here. I think of it as the oasis to the surrounding farmland"
- L s
- Resident
- 5y ago
"overall it's pretty quiet and you see people walking their dogs. we have a lot of university students walking and enjoying themselves on the weekends. police servaillance is a plus. lots of young kids in the neighborhood "
- Kennyacalzada
- Resident
- 5y ago
"The dog owner maintained the areas clean!! Never I see trash in my area or in the neighborhood area!! "
- Flor R.
- Resident
- 5y ago
"Is a nice family oriented neighborhood. Everything is close and accessible ,schools, agencies, grocery stores."
- Pweissenborn84
- Resident
- 6y ago
"Willimantic is a racially diverse small college town in New England with lots of historic Victorian buildings. It also has high poverty and drug use due to poor employment opportunities."
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Jake Cordelli, Cordelli Realty LLC
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
19 Chestnut St, Willimantic, CT 06226 is a studio, 13,769 sqft multi-family built in 1908. This property is currently available for sale and was listed by Smart MLS on Feb 19, 2024. The MLS # for this home is MLS# 170625002.