For Sale Details

$1,100,000
$78,571.00 / unit
  • Property Type Multifamily / Garden
  • Sale Type Investment
  • Status Active
  • Created 05/01/20
  • Updated 09/15/20

About 267 Lake Street, Plainfield, CT 06354

Property comprises 14 units including 4 townhouses. Unit mix is (4) 1BR, (6) 2BR, and (4) 3BR. Newer roofs, new automatic generators for water system. Lake view with open public beach in summer for tenants. Updated units, vinyl windows and siding. Strong income performer.


Building Details

  • Building Area (SF): 14,000
  • 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: 2
  • 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.