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32625875
32625884

82 Main Street, East Hampton, CT 06424

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
22 days on market
Updated 22 days ago

82 Main Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 16,973
Units 30
Cap Rate 6.00%
NOI $237,030
Occupancy 95%
Tenancy Multi
Pro-Forma Cap Rate 6.80%
Pro-Forma NOI $267,840
Price per SqFt $230
Year Built 1905
Buildings 1
Acreage 0.380
Zoning VC
Investment Type Stabilized

Multifamily

Marketing description

The Village at 82 Main is a pristine 22-unit asset located in the true heart of one of Connecticut's most charming small towns! Positioned directly on Main Street in East Hampton, this beautifully renovated property offers 17 apartments and 5 storefronts, creating a stable, diversified income stream within an exceptional lake-community setting. The property has become a recognizable destination woven into the fabric of the community, home to local favorites like ECO Coffee House, Tiny Paws Dog Grooming, 9 Lives Barber Shop, and Executive RE. Each apartment features beautifully updated interiors with modern finishes throughout, including stylish kitchens with granite countertops, stainless steel appliances, upgraded flooring, and open living spaces that continue to attract strong tenant demand. Extensive property-wide improvements and meticulous ownership have created a true turnkey investment opportunity with exceptional pride of ownership throughout. The commercial storefronts benefit from excellent visibility and steady foot traffic surrounded by popular local restaurants, boutiques, cafes, and recreational amenities. Residents enjoy immediate access to Lake Pocotopaug and the Air Line State Park Trail, while ownership benefits from tenant-paid electric, owner-paid gas heat, ample off-street parking w/ EV chargers, and ancillary laundry income. 82 Main Street represents a rare opportunity to acquire one of the area's premier mixed-use investment properties!

Investment highlights

  • Turnkey asset: fire system, common areas, windows, doors, and in-unit finishes already updated
  • Established local, boutique commercial tenants
  • Value-add upside through one vacant storefront
  • Prime walkable village-center location on Main Street
  • Lifestyle tenant appeal, steps from Lake Pocotopaug, the Air Line State Park Trail, and the newly redone town walkway
  • Fully sprinklered with fire pump, strobes, and recently updated fire alarm system
  • Ample tenant parking
  • On-site coin-op laundry
  • Quiet building with a professional, long-tenured tenant base
  • Strong commuter access via Route 2 to Hartford and Middletown
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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
$--
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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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