240 Lebanon Avenue

Colchester, CT 06415

$325,000
Last Sold Price
5
Beds
4
Baths
2,970 Sq. Ft.
$109 / Sq. Ft.
2,970
Sq. Ft.
$109
per Sq. Ft.

Description

Property was off market to install 3 new heating units and refresh newly vacated apartment. Rents are increased as well! 2 tenants are on month to month and one tenant is on lease, and all are payers. You get to walk in and start collecting rent in a great location. Separate metered propane heat and hot water and separate electric. Owner pays the sewer and water bill. Rents are modest and have room for increases or the savvy investor may want to just keep the rents coming in. Not much to do on this...Property was off market to install 3 new heating units and refresh newly vacated apartment. Rents are increased as well! 2 tenants are on month to month and one tenant is on lease, and all are payers. You get to walk in and start collecting rent in a great location. Separate metered propane heat and hot water and separate electric. Owner pays the sewer and water bill. Rents are modest and have room for increases or the savvy investor may want to just keep the rents coming in. Not much to do on this one. Colchester is an awesome rental market so you can keep full all the time. Vacant unit in process and paint and some new flooring and will be filled when completed. There is no owner financing available. Great tenants and recent improvements.

Property Details for 240 Lebanon Avenue

Basement Description
Full With Hatchway, Shared Basement, Unfinished, Concrete Floor, Hatchway Access
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
Unassigned Parking, Parking Lot
Swimming Pool
No

Location

Sold By Carl Guild & Associates, Carl J Guild

Add your commute
LISTING UPDATED: 02/21/2023 10:19 PM

Property Details for 240 Lebanon Avenue

StatusClosed
MLS #170545134
Days on Market5
Taxes$5,830 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 4 Family
Year Built1880
Lot Size0.23 AC / 10,018 SF
CountyNew London County

Location

Sold By Carl Guild & Associates, Carl J Guild

Add your commute

Building Information for 240 Lebanon Avenue

Stories-Residences4Year Built1880Building Size-Lot Size0.23 AC / 10,018 SF

Payment Calculator

$2,259 per month

30 year fixed, 7.25% Interest

Principal and Interest

$1,774

Property Taxes

$486

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 240 Lebanon Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Association Amenities: None
  • Directions: Route 85 to Lebanon Ave. -short distance on right-park in parking lot
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Bacon Academy
  • Intermediate School: Per Board of Ed
  • Latitude: 41.579674
  • Longitude: -72.32535
  • Middle Jr High School: Per Board of Ed
  • Neighborhood Amenities: Library, Park, Public Rec Facilities, Shopping/Mall
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Property Tax: $5,830
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Gutters, Lighting, Sidewalk
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Finished, Floored
  • Cooling System: None
  • Heat Type: Baseboard
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Laundry Room Info: None
  • Laundry Room Location: none
  • Rooms Total: 12
Property
Property and Assessments
  • Color: white
  • Construction Description: Frame
  • Elevation Certificate: No
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Concrete, Stone
  • Fuel Tank Location: In Ground
  • Gross SQFT Per Public Records: 4507
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1880
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Est Heated Below Grade: 0
  • Living Area SQFT Per Public Records: 2970
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 1457390
  • Sq Ft Est Heated Above Grade: 2970.0
  • Sq Ft Total: 2970.0
  • Zoning: 1
Utilities
  • Energy Features: Thermopane Windows
  • Heat Fuel Type: Propane
  • Hot Water Description: Propane
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 10948
  • Gross Annual Income: 40200
  • Net Operating Income: $29,252
  • Occupied By: Tenant
  • Total Number of Units: 4
  • Total Rooms Multi Family: 12
Building Details
  • Unit Count: 4
Unit 1
  • Lease: Monthly
  • Listing Key: F28C87832E2DD28CE0531401100A44F1
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 01-17-2023
  • Unit Monthly Rent: $850
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Vacant
Unit 2
  • Lease: Monthly
  • Listing Key: F28C87832E2DD28CE0531401100A44F1
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 01-17-2023
  • Unit Monthly Rent: $800
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Lease Expires: 07-31-2023
  • Listing Key: F28C87832E2DD28CE0531401100A44F1
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 01-17-2023
  • Unit Monthly Rent: $675
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Monthly
  • Listing Key: F28C87832E2DD28CE0531401100A44F1
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 01-17-2023
  • Unit Monthly Rent: $1,025
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Property History for 240 Lebanon Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 240 Lebanon Avenue

Taxable ValueLand$27,300Additions$188,000Total$215,300
Tax Record2023$5,860 ($488 / month)
Home Facts
Baths4Total Finished SqFt2,970 SqFtAbove Grade Finished SqFt2,970 SqFtStories3Lot Size10,019 SqFtStyleMulti-Family Res (5+ Units)Year Built1880CountyNEW LONDONAPNCOLC M:027 B:000 L:039-000

Schools near 240 Lebanon Avenue

This home is within Colchester School District.
Rating
School
Type
Grades
Distance
Public - PK to 2
Public - 3 to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Colchester Elementary School
PublicPK to 2

Jack Jackter Intermediate School
Public3 to 5

William J. Johnston Middle School
Public6 to 8

Bacon Academy
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 descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

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