36 High St, Canton, CT 06019

Property Description

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 both been neglected , and also has been severely worn on by long term tenants. Rental rates were significantly below market rates for years . The property need a lot of work. We have an exterior painting estimate of 24K, and there is also carpentry work needed . The kitchens and baths need to be updated. There was also burst pipes this past winter , due to tenants letting the heating fuel run out. Most burst pipes have been repaired , and photos of such will be added. The location, of this four story , flat roofed Victorian, is unmatched, with 3 season direct views of the river. The house is vacant and easy to show. Current rental would command approximately $2,500 per unit, with a possible 4th unit. And with a modification, could be a 5 unit income producing cash cow. However, again, the house needs a lot of work at this point. More photos will be following soon. 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 : We lived in 2 out of the 3 units