34 Marshall St, Putnam, CT 06260

$850,000
9
BD
7
BA
5,402
SqFt

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List Price
$850,000
Status
ACTIVE
MLS#
24191809
Year Built
1870
Bedrooms
9
Bathrooms
7
Acres
0.15
Living Area
5,402
Subdivision
N/A

Property Description

Turnkey multifamily investment opportunity in the heart of Putnam, CT. This 7-unit building offers immediate cash flow with a strong unit mix and meaningful recent capital improvements. The property comprises five (5) one-bedroom/one-bath units and two (2) two-bedroom/one-bath units across 5,402 square feet on a 6,500 SF lot. All units have been updated and the building has seen significant reinvestment, including a new roof (2024) and a new rear deck and staircase (2024). All utilities are separately metered, with tenants responsible for their own heat, hot water, and electric. Shared laundry in the basement provides an additional amenity without utility burden to ownership, and each tenant enjoys dedicated basement storage. Current 8.6% cap rate with room to improve.

Additional Information

Taxes
$5,960
Lot Size
6,534
Heating
Baseboard
Cooling System Type
None
Water Source
Public
Basement
Full, Heated, Storage Space
Exterior Features
Porch
Parking Spaces
7
Elementary School
Putnam
High School
Putnam

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Calculator source: Real Geeks

Listing courtesy of Jonathan Minerick from Homecoin.com. (888) 400-2513

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