1931 Route 80, Guilford, CT

About 1931 Route 80

Owner Occupant or Investor, Take Notice! Well maintained legal 3 family property conveniently located, offers long term tenants in the upper and lower units. Because these tenants have been in place for so long, their rental payments have not kept up with the market (new owner will negotiate new leases). Main floor tenant is to vacate the property at the end of May. All leases end May 31, 2023. Owner pays electric and gas expenses, avg $479mo. With the rental market as it is today, gross rental income on this property could approach $5,000/mo. Lower and Main floor units offer 2 bedrooms while the Upper level has 1, but includes an office. All appliances and A/C units convey with property. If new owner were to occupy the main floor, they could use the rental income to offset their mortgage payment. There are 2 septic tanks (both pumped in 2022) and the main tank was replaced 2 to 3 years ago, as was the hot water tank. Windows have been replaced and insulation has been added in the attic as well as the main floor ceiling. Well pump was replaced 6 or 7 years ago. Siding was updated to vinyl. Priced to attract, this property will not be on the market very long.

Listing Map