Price$550,000
Est. Mortgage: $/month
MLS Number 24064706
- Multi Family Multi-Family For Sale
- Square Feet 3,540
- Acreage 0.55
- Bedrooms 10
- Bathroom 6
Exceptional Investment Opportunity in Willimantic - 226-228 Jackson Street. Discover the potential of this 10-bedroom Victorian-style two-family home, a landmark property with tremendous versatility. Most recently operated as transitional housing, this property is perfect for investors seeking high returns, whether through continued program use, repurposing as a two-family dwelling, or exploring other income-generating opportunities. Approved for 10-12 bedrooms, this home offers an expansive floor plan adaptable to various uses. Modernized Infrastructure: A major rehabilitation in 1996, with further updates in 1999-2000, ensures the property is in very good overall condition. Key systems are fully operational, with consistent maintenance. Enhanced Safety Features: Includes a full sprinkler system, video/audio wiring, and telecommunications infrastructure, all reflective of its previous use with state funding and regular inspections for code and fire compliance. Lots of original trim, doors, and casings showcase the home's 1900s character, complemented by a picturesque front porch, multiple entry points, and elegant curb appeal. Ample Parking and Accessibility: A massive paved parking area and fully accessible ramp provide convenience and flexibility for tenants or guests. Sitting on over 0.5 acres in the NPR zone, there is potential to subdivide a second lot, enhancing the investment value. A unique investment with substantial upside potential.
Listed by Brian P. McCarthy of Home Selling Team