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32405988
32405987

82 Main Street, East Hampton, CT 11354

LC
CT CT REB.0789668, MA MA REB.0789668 (+3)
Century 21 Allpoints Realty Southington
Listed by Century 21 Allpoints Realty Southington
$3,900,000
29 days on market
Updated 29 days ago

The Village at 82 Main – East Hampton

Details
Property Type Multifamily, Mixed Use
Square Footage 16,973
Units 22
Beds 17
Cap Rate 6.10%
NOI $237,030
Occupancy 94.12%
Tenancy Multi
Pro-Forma Cap Rate 6.90%
Pro-Forma NOI $267,840
Year Built 1905
Acreage 0.380
Zoning VC
Parking Spaces 6 spaces
Parking Per SqFt 0.35
Investment Type Stabilized
Ground Lease No

Turnkey Village-Center Multifamily | 22 Units

Marketing description

The Lisa Cozzi Team at Century 21 AllPoints Realty is pleased to present the exclusive opportunity to acquire 82 Main Street — a fully renovated, mixed-use asset located in the heart of the East Hampton, Connecticut village center. The property is offered at $3,900,000, reflecting a 6.1% in-place capitalization rate with stabilized proforma upside to 6.9%.

The property contains 17 residential units and 5 commercial storefronts, generating a diversified income stream from a stable, professional tenant base. With substantial recent capital improvements — including a recently updated fire alarm system, sprinkler system with strobes, updated common areas, vinyl siding, newer windows and doors, and modernized in-unit finishes — 82 Main Street offers a turnkey ownership profile with limited near-term capital exposure.

The asset's location is a defining feature. Situated directly on Main Street in the heart of East Hampton's walkable village, the property sits across from established local destinations including Belltown Bakery, Red Door Boutique, Mateo's Taco & Cantina, and Pizza on Main. It enjoys frontage on a freshly redone town walkway, immediate proximity to Lake Pocotopaug, and is steps from the Air Line State Park Trail — making it both a desirable residential address and a high-foot-traffic retail location.

Investment highlights

  • 22 total income streams — 17 residential apartments + 5 commercial storefronts
  • Diversified tenant base across residential and commercial — risk-mitigated cash flow
  • Established commercial tenants: ECO Coffeehouse, Executive RE, 9 Lives Barbershop, and Tiny Paws Dog, plus one commercial vacancy (former hair salon) for value-add
  • Prime village-center location across from Belltown Bakery, Red Door Boutique, Mateo's Taco & Cantina, Pizza on Main, and Creative Dance Center
  • Walking distance to Lake Pocotopaug and the Air Line State Park Trail
  • Fully sprinklered with fire pump, strobes, and fire alarm system recently updated
  • 6 dedicated on-site parking spaces, plus adjacent public lots
  • Tenant-paid electric and tenant-owned hot water heaters across the residential portfolio
  • Updated heating systems — Buderus and Lochinvar — with one centralized system
  • Coin-op laundry (CSC system, credit-card enabled) generating ~$4,000 annual ancillary income

Listing Contacts

LC
CT CT REB.0789668, MA MA REB.0789668 (+3)
Century 21 Allpoints Realty Southington
Listed by Century 21 Allpoints Realty Southington

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$237,030.00
$19,752.50/mo

Valuation Metrics

0
DSCR
6.08%
Cap Rate
6.08%
ROI

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Additional Information

Name
Lisa Cozzi
License
CT REB.0789668
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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