See all 28 photos
28 photos
Additional details
$860,000
Est. payment /mo
4 Beds
3 Baths
2,220 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 2,220 sqft
Price per Sqft $387
MLS Listing ID 24089977
Style Cape Cod
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1940
Annual Tax Amount $4,865
Lot Size 16.190 Acres
Property Description
ATTENTION INVESTORS - HUGE OPPORTUNITY! 106A Tripp Hollow Rd, Brooklyn, CT Rare investment with cash flow + development upside on 23.5 acres in desirable Brooklyn, CT! Development Potential: Subdivide and build up to 7 new homes-ideal for a future residential community. Income-Producing Assets: * Small House - Currently rented (under market); can rent for $1,700/mo. * Two Massive Buildings - Approx. 26,000+ SF & 20,000+ SF. Great for storage, office, studio, or workshop space. * Immediate Lease Option - Seller will lease 25% of one building at $2,500/mo. Infrastructure: * Full electrical throughout both buildings * HVAC in 30% of the larger building * Metal roofs + structural report * Pest inspections complete * The smaller building (20ksf) has structural report (needs 3rd floor & roof repair - seller says if fixed, price is 950k) Projected Income: $25K+/mo with $1M in upgrades. ROI potential over $2M combining rental, commercial, and residential development value! Seller has an engineering report proposal for building 7 houses and utilizing building space is in the works. Don't miss this rare, high-upside opportunity in Eastern CT!
Location
State CT
County Windham
Zoning RA
Rooms
Basement Partial
Interior
Heating Hot Water
Cooling Attic Fan, Central Air
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Corner Lot, Farm Land
Foundation Concrete
Sewer Cesspool
Water Private Well
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Anthony Chabot • Chabot & Associates Real Estate