34 Marshall St, Putnam, CT 06260
- $850,000
- 9
- BD
- 7
- BA
- 5,402
- SqFt
- List Price
- $850,000
- Status
- ACTIVE
- MLS#
- 24191809
- Year Built
- 1870
- Bedrooms
- 9
- Bathrooms
- 7
- Acres
- 0.15
- Living Area
- 5,402
- Subdivision
- N/A
Property Description
Turnkey multifamily investment opportunity in the heart of Putnam, CT. This 7-unit building offers immediate cash flow with a strong unit mix and meaningful recent capital improvements. The property comprises five (5) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units across 5,402 square feet on a 6,500 SF lot. All units have been updated and the building has seen significant reinvestment, including a new roof (2024) and a new rear deck and staircase (2024). All utilities are separately metered, with tenants responsible for their own heat, hot water, and electric. Shared laundry in the basement provides an additional amenity without utility burden to ownership, and each tenant enjoys dedicated basement storage. Current 8.6% cap rate with room to improve.
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Additional Information
- Taxes
- $5,960
- Lot Size
- 6,534
- Heating
- Baseboard
- Cooling System Type
- None
- Water Source
- Public
- Basement
- Full, Heated, Storage Space
- Exterior Features
- Porch
- Parking Spaces
- 7
- Elementary School
- Putnam
- High School
- Putnam
Mortgage Calculator
Listing courtesy of Jonathan Minerick from Homecoin.com. (888) 400-2513 (888) 400-2513