Smart MLS #24081084
224 Echo Lake Rd,
Watertown, CT 06795
☆
Deposit / Show
Multi-Family Home$349,900
3 Units · 2238 Sqft
**perfect investment opportunity: fully leased mixed-use gem in watertown** for the discerning investor seeking a solid income-producing asset, this fully leased mixed-use property in the heart of watertown presents an exceptional opportunity. this well-maintained building with numerous updates offers a diverse income stream, featuring two residential units alongside a thriving, established nail salon occupying the prime first-floor commercial space. benefit from immediate cash flow with all units currently leased, ensuring a seamless transition for the new owner. the two residential units, thoughtfully designed for tenant comfort, will consistently attract reliable renters. the established nail salon provides a stable commercial tenant, adding to the property's appeal and financial security. this property's strategic location in watertown offers excellent visibility and accessibility, contributing to its consistent tenant occupancy. the diverse tenant mix minimizes risk and maximizes potential returns, making this a truly attractive investment. don't miss this chance to acquire a fully leased, income-generating property with a proven track record plus room to increase rent!! a turnkey investment perfect for those seeking a reliable addition to their portfolio.
Map
Listing
Market Stats
- List $349,900
- 8 Days on Market
Real Estate Agent
Details
Building
- Built 1955
- 3 Units
- 3 Beds
- 3.00 Baths
- 0 Fireplaces
- Full Basement
Sqft
- 2238 Total Sqft
Lot / Land
- 0.28 Acres
- 900 Neighborhood
- Corner Lot, Level Lot
Utilities
- Hot Air
- Natural Gas, Oil
- Central Air
- Public Water
- Tankless Hot Water
- Public Sewers
Financials
- $36,900 Gross Income
- $27,000 Net Income
- $9,900 Expenses
Taxes
- Assessment $168,840
- Mill Rate 28.37
- Taxes $4,790
- Parcel Num 911332
Schools
Elementary
- Per Board of Ed
Middle
- Per Board of Ed
Intermediate
- Per Board of Ed
High
- Watertown
Mortgage Calculator
- 30yr Fixed-Rate Loan
- 6.83% Interest
- Purchase Price $349,900
- Down Payment $69,980 (20.00%)
Estimated Payment with
30yr Fixed Rate Mortgage
30yr Fixed Rate Mortgage
Monthly
$2,230
$2,230
Monthly Est. $2,230
Yearly Est. $26,756
30yr Est. $802,668
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This real estate listing for sale at 224 Echo Lake Rd has 3 bedrooms, 3.00 bathrooms, and was built in 1955. It is located in the Watertown, Connecticut area with the 06795 zip code. For more info about the property at 224 Echo Lake Rd, Watertown, CT 06795 United States or if you would like to schedule a showing, please contact the listing agent above.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:01:37. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:01:37. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.