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  • 262 Route 163 (Oakdale Road, Montville, CT 06382
  • $279,900
  • 6 BedroomBedrooms
  • 4 BathroomBathrooms
  • 2 Half BathroomHalf Bathrooms
  • 3,376 Sqft
  • Sold On

262 Route 163 (Oakdale Road, Montville, CT 06382

  • Open House
  • New Listing


  • 6 BedroomBedrooms
  • 4 BathroomBathrooms
  • 3,376 Sqft
  • Multi Family
  • Active
  • MLS# E10215015
  • Sold On
0 More Schedule
  • Price Reduced$10,000

Property Information 262 Route 163 (Oakdale Road

  • MLSE10215015
  • Zip Code06382
  • TypeMulti Family
  • StyleUnits on different Floors
  • Bedrooms6
  • Bathrooms4
  • Total Rooms10
  • Sq. Ft.3, 376.00
  • BasementFull Basement
  • AtticWalk-up
  • Interior FeaturesCable - Available
  • Exterior FeaturesGarden Area, Patio
  • Parking Off Street Parking
  • Parking1
  • Garage Space1
  • HeatingRadiator, Space Heater
  • WaterPublic Water Connected
  • SewerPublic Sewer Connected
  • Year Built1945
  • Acreage1.7400
  • High SchoolPBOE
  • Estimated Taxes$5, 748
  • Assesment$187, 310
Unique opportunity to own a multi-use property and enjoy waterfront! Total 4 rental incomes: Units 1 & 2 is a residential 2-family building; Unit 3 is the commercial building currently used for a restaurant (building only, business is not for sale); Unit 4 is a separate commercial parking lot rental currently rented to a trucking repair company. All separate utilities. Public water & sewer hooked up. Good condition with many newer upgrades. Everything is leased with great cash flow! $40,000 year income! Cap rate about 12%! May require a commercial loan if using a lender.

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About Montville, CT

Sitting on the west side of the Thames River with New London to the south and Norwich to the north, Montville is about halfway between New York City and Boston.


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Listing courtesy of: Jan Ledoux, RANDALL, REALTORS-Christie's  © 2018 Smart Multiple Listing Service Inc. All Rights Reserved.