Rarely available, fully occupied, Coventry Village mixed-use property for sale with 10.5% CAP! LOCATION, LOCATION! Convenient to the Village & Patriots Park (lake features: swimming, playground, band shell events + boat launch) is two blocks away, UCONN is 4 miles away and at the edge of deep Eastern CT. The property is conveniently located on Main Street and has (2) retail units on the first floor + (3) apartments above with the following unit mix: 3 bed, 2 bed, 1 bed. The property is 100% occupied with historically low vacancy rate. The utilities are separate and tenant paid (propane heat, updated electric). There is off-street parking behind the property. Great cash flowing asset with 19% ROI + value add opportunity (rents below market) if you renovate units and increase rents!

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Listed by Amanda R. Faroni-Sheehan of Vanguard Private Client Grp

Listing Sold by Century 21 AllPoints Realty

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