For Sale Details

$1,050,000
$75,000.00 / unit
  • Property Type Multifamily / Garden
  • Sale Type Investment
  • Status Active
  • Created 05/01/20
  • Updated 10/19/20

About 267 Lake Street, Plainfield, CT 06354

Property comprises 14 units including 4 townhouses. Unit mix is (4) 1BR, (6) 2BR, and (4) 3BR. Tenant paid electric utilities. Newer roofs,  vinyl siding, new automatic generators, newer hot water heaters, all new doors, fresh paving, vinyl replacement windows. Lake view with open public beach in summer for tenants. Updated units. Strong income performer with 100% collections during COVID. 2 parking spaces per unit. 


Building Details

  • Building Area (SF): 13,000
  • Year Built: 1968 - 1971
  • Number of Units: 14
  • Number of Stories: 2
  • Number of Buildings: 3
  • Building Class: B

Land Details

  • Parking Count: 28
  • Acreage: 1.50
  • Sewage System: Public Sewer
  • Water System: Well

Financial Characteristics

  • Effective Gross Income: $145,000
  • Cap Rate: 7%
  • Financials Year: 2019
  • Occupancy Percent: 100%

The Multifamily / Garden property at 267 Lake Street, Plainfield, CT 06354 is currently available for sale. Contact Mike Baldi, MAI from Baldi Brokerage & Development for more information.