687 Portland Cobalt Road, Portland, CT 06480 (MLS # 170462234)

Price $370,000
Status Active
Size 43,560 sqft
Lot Size 43,560 sqft
Days on Market 135
INVESTORS & COMMERCIAL BUSINESSES...RENTALS ARE WELL BELOW MARKET VALUE!! Great location!! This mixed use building located on busy Route 66 offers 5 rental possibilities: repair bays, storage bays, commercial office space and a residential apartment. Rentals now bringing in $4200 a month. Start making cash flow from day one! Long term tenants in place. Gas tanks removed and grave sites tested in 2018. Well: new storage tank 2 years ago, new submersible pump and filter system. Septic (1995): new grinder pump 4 years ago, last pumped August 2021. Structure painted inside and out over the last 3 years. Hardwired fire alarm system. Rented UNIT 1- (# 689,687) 3 garage bays with office area, 2 bathrooms. Newer floors, newer furnace, newer garage bays, 2 oil tanks 275 g. ea. UNIT 2- (#695) 1 garage bay, bathroom office, back entrance. Newer bay door newer 200 amp service, newer furnace. 1 oil tank 275 g. UNIT 3- (#697) 1 end garage bay newer bay door, upgrades electrical and circuit breaker, newer furnace. 1 oil tank 275g. UNIT 4- (#639) Apartment: 1 bedroom,1 bath, first floor apartment. Recently painted, newer electrical, newer hot water heater. Kitchen updated in the last 10 years. Oil tank 275 gal. UNIT 5- (#691) Office space/storage approx. 11x12 with bathroom, upgraded circuit panel. All tenants all pay separate utilities.
Property Type(s): Commercial
Last Updated 2/11/2022 Year Built 1850
County Middlesex

Additional Details

AIR Window Unit
HEAT Hot Air
INTERIOR Hoists, Living Space Available, Security System
LOT 1.0000 acre(s)
LOT DESCRIPTION Level Lot, Sloping Lot
SEWER Septic
TAXES 9450
WATER Private Well



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