Excellent opportunity for an investor or owner-occupant! This well-maintained three-family property offers strong existing income with additional upside. Two units are currently rented for a combined $3,800/month, while the vacant third unit has a projected rental value of approximately $1,850/month, bringing potential gross rents to about $5,650/month. Two units have been remodeled with updated kitchens, bathrooms, flooring and finishes, making this a turnkey investment with limited immediate work needed. All required Building Department permits and Fire Marshal clearances have been obtained for the property's current three-family use. The building also features a finished, heated attic (owners panel) that provides additional flexible space for an office, storage or other permitted use. A future owner may also explore conversion to a fourth unit, subject to zoning, building, fire and municipal approvals, including any required fire escape modifications. Each unit has its own furnace, with separate washer/dryer hookups in the basement. Paved off-street parking for approximately 8 cars. Conveniently located near shopping, restaurants, major roadways and everyday amenities. Rent the vacant unit for additional income or move right into the turnkey 2-bedroom apartment while collecting rent from the other units. Great opportunity for immediate cash flow and future upside! Agent/Owner
Multi-familyProperty Type
1900Year Built
0.63 acresLot Size
$135Price/Sq.Ft.
8 spacesParking
Listed by Gramoz Mema• Exceptional Real Estate LLC
Excellent opportunity for investor or to owner occupy! All units rented and total income is $2575/month with additional attic space for owner apartment or can be converted to four family. This property is convenient to bus, shopping and highways. Individual furnaces for each unit. Coin op laundry in basement for shared use.
Smart MLS #G10107163
Sep 8, 2016
Listing Removed
—
Feb 8, 2016
Listed
$164,900
$53/sq ft
Smart MLS #G648000
Oct 15, 2013
Listing Removed
—
Apr 15, 2013
Listed
$159,900
$51/sq ft
Smart MLS #G543449
Apr 14, 2011
Listing Removed
—
Oct 14, 2009
Listed
$224,500
$72/sq ft
Public Records
Aug 16, 2007
Sold
$225,000
$72/sq ft
Smart MLS #G460190
May 17, 2007
Listed
$244,900
$78/sq ft
Public Records
Dec 8, 2005
Sold
$212,000
$68/sq ft
Smart MLS #G400704
Oct 14, 2005
Listed
$219,900
$70/sq ft
Public Records
Jan 25, 1990
Sold
$162,000
$52/sq ft
Year
Property tax
Land + Additions
Assessment*
2023
$5,459
$33,180 + $130,320
$163,500
2022
$5,459 (+16.6%)
$33,180 + $130,320
$163,500
2021
$4,681
$32,410 + $85,720
$118,130
2020
$4,681
$32,410 + $85,720
$118,130
2019
$4,681
$32,410 + $85,720
$118,130
2018
$4,681 (+2.4%)
$32,410 + $85,720
$118,130
2017
$4,573 (−0.9%)
$32,410 + $85,720
$118,130
2016
$4,613 (+5.3%)
$37,160 + $84,150
$121,310
2014
$4,381 (+2.0%)
$37,160 + $84,150
$121,310
2011
$4,294
$37,160 + $84,150
$121,310
Public record
Beds
7
Baths
3
Stories
2
Lot width
—
Lot depth
—
Lot size
0.63 Acres
Year renovated
—
Finished Sq. Ft.
3,136
Unfinished Sq. Ft.
—
Total Sq. Ft.
3,136
Year built
1900
Style
Multi-Family (2-4 Unit)
County
Tolland County
APN
1658417
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 14, 2023.
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
4/10 Heat Factor
7 days above 94° expected this year, 17 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
3 unhealthy days expected this year, 4 days in 30 years
Provided by First Street
Historical weather
Vernon, CT • 06066
Average low and high temperatures (°F)
33
19
36
20
52
33
62
42
69
51
81
61
85
67
80
59
75
56
65
45
52
36
38
24
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
In this area, properties receive around 8.9 hours in
June and 4.4 hours in December, placing it below the
U.S. average for solar exposure.
8.9 hrs
4.4 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 96 Spring St
$427,020
$2,120 over list price of $425K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $385K to $500K.