56 School St

Manchester, CT 06040

$475,000
Last Sold Price
5
Beds
2,984 Sq. Ft.
$159 / Sq. Ft.
2,984
Sq. Ft.
$159
per Sq. Ft.
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Closed 9/5/24
Closed 9/5/24

Description

Located in the heart of Manchester, this 4 unit multi-family home offers an excellent investment opportunity in a highly sought-after area. With its prime location, spacious layout, and strong rental potential, this property is ideal for investors seeking steady cash flow and long-term appreciation. This property enjoys easy access to parks, shopping centers, and major transportation routes, ensuring convenience for residents and attracting quality tenants. With 2 driveways the dedicated off-street...Located in the heart of Manchester, this 4 unit multi-family home offers an excellent investment opportunity in a highly sought-after area. With its prime location, spacious layout, and strong rental potential, this property is ideal for investors seeking steady cash flow and long-term appreciation. This property enjoys easy access to parks, shopping centers, and major transportation routes, ensuring convenience for residents and attracting quality tenants. With 2 driveways the dedicated off-street parking spaces for residents, ensures convenience and peace of mind. Meticulously maintained both inside and out, this property showcases pride of ownership and presents minimal upkeep for future owners. All units fully leased with potential for rental rate increases in the future. Don't miss out on this exceptional opportunity to establish yourself in Manchester's thriving real estate market. Detached garage in need of some repair. Can produce additional income. Seller willing to remove garage upon buyer request.
  1. Listed by Nicola DeLuca • eXp Realty
    P: (860)-716-5688 C: (860)-716-5688 nickd@brookegrouprealestate.com

Property Details for 56 School Street

Basement Description
Partial, Partial With Hatchway
Direct Waterfront
No
Expected Active Date
05-03-2024
Neighborhood
N/A
Style
4sides - Units Are Side-by-Side
Swimming Pool
No
Expected On Market Date
05-03-2024
LISTING CLOSED: 09/05/2024 12:00 AM

Property Details for 56 School Street

StatusClosed
MLS #24012176
Days on Market12
Taxes$8,138 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 4 Family
Year Built1886
Lot Size0.24 AC / 10,454 SF
CountyHartford County
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Location

Listing Courtesy of eXp Realty, Nicola DeLuca

Sold By eXp Realty, Andi J Laemmel

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Building Information for 56 School Street

Stories-Residences4Year Built1886Building Size-Lot Size0.24 AC / 10,454 SF

Payment Calculator

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$3,045 per month

30 year fixed, 6.36% Interest

Principal and Interest

$2,367

Property Taxes

$678

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 56 School Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Per GPS
  • Elementary School: Per Board of Ed
  • High School: Manchester
  • Latitude: 41.766418
  • Longitude: -72.517629
  • Neighborhood Amenities: Commuter Bus, Golf Course, Health Club, Library, Park, Public Pool, Shopping/Mall, Walk to Bus Lines
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2024-June 2025
  • Property Tax: $8,138
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sidewalk
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Partially Finished, Walk-up
  • Cooling System: None
  • Heat Type: Baseboard, Other
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Home Automation: Appliances, Electric Outlet(s), Lighting, Thermostat(s)
  • Rooms Total: 16
Property
Property and Assessments
  • Construction Description: Frame
  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Handicap Features: Exterior Curb Cuts
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1886
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 2984
Lot Information
  • Lot Description: City Views
  • Parcel Number: 2137024
  • Sq Ft Est Heated Above Grade: 2984.0
  • Sq Ft Total: 2984.0
  • Zoning: RC
Utilities
  • Heat Fuel Type: Electric
  • Hot Water Description: Other
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Occupied By: Owner
  • Total Number of Units: 4
  • Total Rooms Multi Family: 16
Unit 1
  • Lease: Leased
  • Lease Expires: 04-30-2024
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $1,075
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 08-31-2024
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $1,225
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Lease Expires: 10-31-2024
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 09-18-2024
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Property History for 56 School Street

DateEvent & SourcePriceAppreciation
Sep 5, 2024

Closed (Public Record)

Public Record #1540812315

$475,000

+3.6% / yr

Mar 10, 2004

Closed (Public Record)

Public Record #134202790

$228,000

+40.2% / yr

Feb 20, 2002

Closed (Public Record)

Public Record #99629927

$114,000

+13.8% / yr

DateEvent & SourcePrice
09/05/2024

Closed (Public Record)

Public Record #1540812315

$475,000

+3.6% / yr

03/10/2004

Closed (Public Record)

Public Record #134202790

$228,000

+40.2% / yr

02/20/2002

Closed (Public Record)

Public Record #99629927

$114,000

+13.8% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 56 School Street

Taxable ValueLand$31,200Additions$179,200Total$210,400
Tax Record2024$8,378 ($698 / month)
Home Facts
Baths4Total Finished SqFt2,984 SqFtAbove Grade Finished SqFt2,984 SqFtStories3Lot Size10,454 SqFtStyleMulti-Family Dwelling (2-4)Year Built1886ZoningRBCountyCAPITOLAPNMCHS M:95 B:5030 L:56

Schools near 56 School Street

This home is within Manchester School District.
Rating
School
Type
Grades
Distance
Keeney School
Public - PK to 4
Elisabeth M. Bennet Academy
Public - 5 to 8
Illing Middle School
Public - 7 to 8
Manchester High School
Public - 9 to 12
Rating
School
Distance
Keeney School
PublicPK to 4

Elisabeth M. Bennet Academy
Public5 to 8

Illing Middle School
Public7 to 8

Manchester High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of eXp Realty, Nicola DeLuca

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.