This five unit multi-family house located near the center of downtown , is likely sub dividable . The house needs a lot of work and updating. It would probably be best if the new owner is a contractor, or you have a contractors work crew established and ready to go. The house is a functional five family, but the town has it listed as a legal four family, which makes financing easier, as anything over four units is considered a commercial loan. The photo is from a few years ago . The plot plan posted shows where the property has the possibility to be split, and a lot sold off, as it appears to meet the town setback and frontage requirements. The current rental rates are well below market, compared to the few other rental options available in town. Additionally, there are two spaces or areas in the house that have the possibility of being converted into additional units. The agent is the owner. Showing tours have been on Tuesdays or Fridays at 1 PM.
Newington is located in Connecticut. Newington, Connecticut has a population of 30,493. Newington is less family-centric than the surrounding county with 26.56% of the households containing married families with children. The county average for households married with children is 29.12%.
The median household income in Newington, Connecticut is $90,314. 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 Newington is 46.1 years.
The average high temperature in July is 84.1 degrees, with an average low temperature in January of 18.7 degrees. The average rainfall is approximately 49.9 inches per year, with 37.7 inches of snow per year.
