Sold for $490,000

$490,000

229 Route 163, Montville, CT 06382

8beds

2,938sqft

Multi Family

Built in 1920

-- sqft lot

$-- Zestimate^®

$167/sqft

$2,679 Estimated rent

Home value

Not available

Estimated sales range

Not available

$2,679/mo

Zestimate^® history

Owner options

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$2,679/mo

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$2,679/mo

Rent Zestimate^®

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$3,367/mo

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$3,367/mo

Est. payment

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What's special

Fresh deckingUpdated common laundry area

This multifamily gem is ready to seamlessly integrate into your portfolio and start generating income immediately! Each unit has been recently renovated, and the property features new siding, an updated common laundry area, and fresh decking throughout. Currently, all units are occupied by highly qualified tenants with an impeccable rental history, and tenants cover their own utilities. Landlords are responsible for trash, sewer, and common area electricity. With the potential for rent increases and the added advantage of being zoned for 4-8 units, there are exciting possibilities for future expansion. This opportunity is primed to enhance your investment portfolio with minimal immediate hassle!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 4
Full bathrooms: 4

Heating

Baseboard, Electric

Cooling

None

Appliances

Included: Electric Water Heater
Laundry: Common Area

Features

Basement: Full
Attic: None
Has fireplace: No

Interior area

Total structure area: 2,938
Total interior livable area: 2,938 sqft
Finished area above ground: 2,938

Property

Parking

Parking features: None

Lot

Size: 1.46 Acres
Features: Few Trees, Sloped

Details

Parcel number: 1806512
Zoning: R20

Construction

Type & style

Home type: MultiFamily
Architectural style: Units on different Floors
Property subtype: Multi Family

Materials

Vinyl Siding
Foundation: Block, Stone
Roof: Asphalt

Condition

New construction: No
Year built: 1920

Utilities & green energy

Sewer: Public Sewer
Water: Well

Community & HOA

HOA

Has HOA: No

Location

Region: Montville

Financial & listing details

Price per square foot: $167/sqft
Tax assessed value: $157,710
Annual tax amount: $4,380
Date on market: 9/16/2024

Price history

Date	Event	Price
12/11/2024	Sold	$490,000-10.9%$167/sqft
Source: Smart MLS #24046959 Report a problem
10/7/2024	Price change	$550,000-8.2%$187/sqft
Source: Smart MLS #24046959 Report a problem
9/16/2024	Listed for sale	$599,000+172.3%$204/sqft
Source: Smart MLS #24046959 Report a problem
1/31/2023	Sold	$220,000+1.4%$75/sqft
Source: Smart MLS #170501967 Report a problem
12/21/2022	Contingent	$217,000$74/sqft
Source: Smart MLS #170501967 Report a problem
12/1/2022	Listed for sale	$217,000$74/sqft
Source: Smart MLS #170501967 Report a problem
8/22/2022	Listing removed	--
Source: Smart MLS #170501967 Report a problem
8/8/2022	Price change	$217,000-3.6%$74/sqft
Source: Smart MLS #170501967 Report a problem
7/25/2022	Price change	$225,000-4.3%$77/sqft
Source: Smart MLS #170501967 Report a problem
7/20/2022	Price change	$235,000-5.6%$80/sqft
Source: Smart MLS #170501967 Report a problem
6/20/2022	Listed for sale	$249,000$85/sqft
Source: Smart MLS #170501967 Report a problem