$320,000

87 North Street, Windham, CT 06226

  • 6 beds |
  • 2 baths |
  • 2,981 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1920
  • Property Lot Size Icon9,148sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $107/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

TWO HOUSES ON ONE PROPERTY! This unique investment opportunity at 87-89 North Street in Willimantic, CT, presents a compelling proposition for investors. The property comprises TWO single-family homes situated on a single lot, each with its own driveway and access to a large garage located conveniently on the front house's driveway. The rear house, a charming 1,224 square-foot dwelling, currently offers two bedrooms, a spacious kitchen, dining room, a laundry area, and a full bathroom. Its existing condition presents a stable rental income stream, mitigating risk during the renovation of the front house. The front house, approximately 1,757 square feet, has been completely stripped to the studs, providing a blank canvas for a renovation. New roof was put on in 2023. The size and layout allow for the creation of a four-bedroom residence, significantly increasing potential rental income or providing expansive living space for an owner-occupant. Rehabilitation plans could incorporate features to maximize rental appeal and profitability. The location is another key advantage. The property's proximity to Main Street places it within easy walking distance and bus lines to shopping mall, restaurants, and Eastern Connecticut State University, only a 15-minute drive to UCONN, and steps away from the bus line, serving Mansfield, Storrs, and Willimantic. Providing a strong pool of potential renters.

Listing Status:
Active
Date Added:
June 1, 2025 at 12:36AM
Listing Office:
William Pitt Sotheby's Int'l : (203) 453-2533
Listing Agent:
Toni Iandoli : (610) 202-2354
MLS ID:
24100204
  • Basement: FullUnfinished
  • A/C: None
  • Heating: RadiantOil
  • Fireplace: Fireplaces: 1

This listing courtesy of Toni Iandoli, William Pitt Sotheby's Int'l

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

N

Natchaug School

123 Jackson St, Willimantic, CT, 06226

Grades KG-5

0.26 miles away

W

Windham Middle School

123 Quarry St, Willimantic, CT, 06226

Grades 6-8

1.02 miles away

W

Windham High School

355 High St, Willimantic, CT, 06226

Grades 9-12

0.64 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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