1. Connecticut
2. Windham
3. 40 Elm Street

40 Elm Street, Windham, CT 06226

• 8 beds |
• 4 baths |
• 4,808 sqft

Property Description

ATTENTION INVESTORS!!! This incredible 10 CAP investment Opportunity for 4 units across 2 2-family properties may be exactly what you're looking for!!! Discover the potential in this centrally located low overhead property. With strong rental demand from nearby ECSU, Uconn and in the general market, vacancy will not be a problem. Tenant amenities include large backyards, with privacy and gardens. Conveniently walkable to downtown, near bus lines and ideal for investors or renovation-minded buyers looking to restore charm and build equity. Off street parking, long term tenants, and under market rents make this a Value-add asset. Add 2 more bedrooms to the top floor units and consider pro-forma rents. These are stable in place, but the sky is the limit. Combine with other listed Willimantic properties: Pleasant St., Jackson St., and Chapman St. as a 17 unit portfolio. GOI:63,000 Expenses: 10,868 NOI: 52,132 10CAP PRO Forma NOI: 77,932!!! floor plans available**

Listing Status:

Active

Date Added:

June 30, 2025 at 04:07AM

Listing Office:

Berkshire Hathaway NE Prop. : (860) 267-4481

Listing Agent:

Robyn Letourneau : (860) 918-3945

MLS ID:

24100884

Interior

• Laundry: Basement Hook-Up(s)
• Basement: Full
• A/C: Window Unit
• Heating: Hot WaterNatural GasOil
• Fireplace: Fireplaces: 0

Exterior

Construction

Location

Lot

Utilities

This listing courtesy of Robyn Letourneau, Berkshire Hathaway NE Prop.