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
AIR CONDITIONING Yes
AREA N/A
GARAGE Paved
HEAT Hot Air
INTERIOR Hoists, Living Space Available, Security System
LOT 1.0000 acre(s)
LOT DESCRIPTION Level Lot, Sloping Lot
PARKING 0
SEWER Septic
STORIES 2
TAXES 9450
WATER Private Well
ZONING B2

Location

 

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