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213-215 Providence Street, Putnam, CT 06260
$1,037,500
213-215 Providence Street, Putnam, CT 06260View this property at 213-215 Providence Street, Putnam, CT 06260
213-215 Providence StreetPutnamCT06260
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Property Description
Presenting this turnkey 8 unit income producing asset located in beautiful Putnam, CT. The property features two separate buildings one housing 6 units and the other 2 units along with an assigned parking lot. The unit breakdown is as follows; 2 - three bed/one bath units, 3 - two bed/one bath unit and 3 - one bed/one bath units. The building has been well maintained and managed with a two new roofs in 22', new decks/staircases and updated/well maintained mechanicals. CapEx has been addressed. Both structure and units are in great condition with 6 of 8 being fully renovated. 213-215 Providence St presents an extremely strong rent roll at purchase. Current NOI is nearly $93,000 at a cap rate of 8.37%. With rental increases pro forma NOI will be $113,000 at a cap rate of 10.3%.
Full Property Details
Full Property Details for 213-215 Providence St
General
- Sold For: $1,037,500
- Taxes: (July 2023-June 2024)
- Status: Closed
- Type: Multi-Family
- MLS ID: 24003188
- Added to Site: 81 day(s) ago
Interior
- Number of Rooms: 39
Rooms
Bathrooms
- Total Bathrooms: 8
- Full Bathrooms: 8
Bedrooms
- Total Bedrooms: 15
Other Rooms
- Laundry: Coin Op Laundry, Common Laundry Area
Parking
- Total Spaces: 12
- Parking: None, Paved, Parking Lot, Off Street Parking
Location
- County: Windham
- Driving Directions: GPS
School Information
- Elementary School: Per Board of Ed
- High School: Per Board of Ed
Heating & Cooling
- Cooling Type: Window Unit
- Heating Type: Baseboard, Electric, Natural Gas
- Heating Fuel: Electric, Natural Gas
- Water Heater: Electric, 65 Gallon Tank
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Construction Status: No/Resale
- Exterior Const.: Clapboard
- Basement Desc.: Full
- Roof: Asphalt Shingle
- Attic: Yes
- Square Feet: 8,085
- Above Ground: 8,085 Sq. Ft.
- Year Built: 1920
Unit Information
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
- Bedrooms: 3
Unit 3
- Total Bathrooms: 1
- Bedrooms: 1
Unit 4
- Total Bathrooms: 1
- Bedrooms: 5
Unit 5
- Total Bathrooms: 1
- Bedrooms: 2
Unit 6
- Total Bathrooms: 1
- Bedrooms: 2
Unit 7
- Full Bathrooms: 1
- Bedrooms: 1
Unit 8
- Total Bathrooms: 1
- Full Bathrooms: 1
- Bedrooms: 3
Lot Features
- Lot Size (Acres): 0.22
- Zoning: R-7
- Lot Description: City Views, Level Lot
Financial Considerations
- Annual Sewer Fee: $7,000
- Assessment Amount: $230,500
- Sewer Assmt: Includes water fees.
- Tax Year: July 2023-June 2024
Disclosures and Reports
- Property ID: 1711201
Listed and Sold by Byrnes Real Estate Company, Benjamin Carbone
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Schools
Schools serving 213-215 Providence St
School District:Putnam School District
Rating | Name | Grades | Distance |
---|---|---|---|
33 Wicker St, Putnam, CT 06260 | PK-5 | 0.6 mi | |
35 Wicker St, Putnam, CT 06260 | 6-8 | 0.6 mi | |
152 Woodstock Ave, Putnam, CT 06260 | 9-12 | 0.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 213-215 Providence St
Date
Details
Price
Change
Source
5/15/2024
Sold
$1,037,500
-5.68%
MLS
3/12/2024
Listed
$1,100,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
213-215 Providence Street, Putnam, CT 06260 (MLS# 24003188) is a Multi-Family property that was sold at $1,037,500 on May 15, 2024. Want to learn more about 213-215 Providence Street? Do you have questions about finding other Multi-Family real estate for sale in Putnam? You can browse all Putnam real estate or contact a Coldwell Banker agent to request more information.