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$ 165,000
Est. payment | /mo
880 SqFt
$ 165,000
Est. payment | /mo
880 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 880 sqft
Price per Sqft $187
MLS Listing ID 24169046
HOA Fees $239/mo
Year Built 1986
Annual Tax Amount $2,656
Property Description
Excellent investment opportunity in Glastonbury. 160 Oak Street, Unit 1H is a commercial condo occupied by a long-term driving school tenant, making it an attractive option for an investor seeking steady income, minimal day-to-day management, and a relatively low price point for entry into commercial investment ownership. The property generates $11,914 net income, with the tenant paying all utilities and covering the first $1,000 in repairs. The owner is responsible for taxes, insurance, and monthly association charge of $234.94, which include water, sewer, and restrooms. Strong tenant, long-term lease, dependable income, and an accessible entry price make this a solid addition to an investment portfolio.
Location
State CT
County Hartford
Zoning PI
Interior
Heating Hot Air
Cooling Central Air
Flooring Wall-to-Wall Carpet
Exterior
Exterior Feature Sidewalk
Parking Features Parking Lot
Utilities Available Electric, Gas
Roof Type Other
Building
Story 2
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Mike Rethis • Coldwell Banker Realty
Nearby Locations
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Ilka Torres
Broker | License ID: REB.0794005