This rare and architecturally unique three family investment property, overlooking the Farmington River and Collinsville , has not been available for purchase in over 25 years. The original craftsmanship in the exterior hand carved detailing should be noted. However , the property has some deferred maintenance, exterior painting in particular, and also carpentry work. The three units have been worn by long term tenants. The kitchens and baths need updating. There was also freeze damage this past winter , due to tenants letting the heating fuel run out. However, all burst pipes have been repaired , and all systems and water supply lines are restored. The electrical services are updated. Three Peerless boilers have been recently cleaned and serviced. The location, of this four story , flat roofed Victorian, is unmatched, with direct seasonal views of the Farmington river. The house is vacant and easy to show. Current rental rates would easily command approximately $2,500 per unit. A possible fourth and fifth unit could be added, increasing monthly cash flow even further. Highest and best buyer, would most likely be an owner/occupant that has a work crew ready and available, or a contractor or builder with guys ready to dive in, or an investment group. There are other investment opportunities in the immediate proximity to this listing. Owner is the agent : lived in two out of the three apartments ourselves. Once it's restored, this house will again be a premier property
Rare investment opportunity in Collinsville with 2 properties on one lot. One property is a residential style home with 4 bedrooms and one bathroom built in 1790 but renovated and beautifully maintained. The home includes a porch, a covered car port, and a shed. The second building is a 2-family built in 1973 that has also been renovated. Each unit has 2 bedrooms and 1 full bathroom. Each unit comes with a shed for additional storage. There is plenty of off-street parking for all three units. Also, each unit is currently rented with great tenants. The property backs up to the Canton Land Trust and is walking distance to downtown Collinsville.
Canton is located in Connecticut. Canton, Connecticut has a population of 10,131. Canton is more family-centric than the surrounding county with 31.35% of the households containing married families with children. The county average for households married with children is 29.12%.
The median household income in Canton, Connecticut is $100,000. The median household income for the surrounding county is $80,320 compared to the national median of $69,021. The median age of people living in Canton is 49.3 years.
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 13.6 degrees. The average rainfall is approximately 52.7 inches per year, with 46.3 inches of snow per year.
