253 School St. in Manchester CONTRACT For Sale

  • $80,000
  • 3 beds
  • 1 baths
  • 1,380 sqft

OPEN HOUSE INSPECTION!!!
Monday, January 21, 2019 between 1:00 – 2:00

Written offers are due by Tuesday, January 22, 2019 at 4:00 pm.  Only the Highest and Best offer will be accepted at that time.

This is a structurally sound house in the Town of Manchester.  The property consists of 3 bedrooms and one bath, but there’s room on the first floor for a half bath.  The attic is a walk-up and so there is potential for extra space.

I would estimate the repair costs would be approximately $48,300.  The roof is 10 years old and the oil furnace is two years old.  When the house is complete the ARV should be approximately $175,000.

Summary

Offered at:

$80,000

AVR (approx):

$175,000

20% Profit (approx.):

$35,000

10% Soft Costs (approx):

$17,500

Repair Costs (approx.):

$48,300

 


Comparable Properties Sold

Address Sq. Ft. Beds Baths Last Sold Price Date Sold
257 Sruce St., Manchester 1,332 3 1 $184,500 8/31/2018
30 Norman St., Manchester 1,302 3 1 $165,000 11/14/2018
213 School St., Manchester 1,314 4 1 $165,000 9/21/2018

Call or email Steve Gagne at (860) 874-2310 or steve@mumcityhomes.com for more information regarding this Mum City Homes property.

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Price:
$80,000
Address:
253 School Street
Manchester, Connecticut 06040
Square Feet:
1,380
Lot Size:
.15
Bedrooms:
3
Bathrooms:
1
Terms:
For Sale
Property Type:
Home
Year Built:
1915
Basement:
unfinished
Const. Type:
Conventional

Additional Features

The oil furnace is 2 years old. The roof is 10 years old.

Call 860-579-1421 for more details

Property Location