12 Aspinook Street, Griswold, CT 06351 (MLS # 24150160)

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PRICE $450,000 BEDS 7 BATHS 4 HOME SIZE 2,800 sqft LOT SIZE 7,406 sqft

Investor Opportunity - 4-Family with Unit Mix & NOI Upside Excellent opportunity to acquire a 4-unit multifamily investment property with a strong unit mix and clear upside potential walking distance to Jewett City. The building consists of two 1-bedroom units, one 2-bedroom unit, and one 3-bedroom unit (Unit C), providing broad tenant appeal and flexibility for maximizing rental income. Recent improvements include new flooring and fresh paint throughout, along with a significant build-out of two additional bedrooms in Unit C, substantially increasing its rental potential. Units B and D feature new appliances, new countertops, new kitchen cabinets, tile shower, new bath vanities and fixtures, and new windows, enhancing tenant demand and reducing near-term capital needs. The stairs and entry porch for Unit D have been newly rebuilt, improving both safety and curb appeal. Each unit offers two private exterior entrances, minimizing common area maintenance and operating expenses. There is additional NOI upside, as heat and hot water can be separated, allowing utilities to be shifted to tenants and further improving cash flow. The property also benefits from ample off-street parking located directly across from the building, a valuable amenity that supports tenant retention. With recent upgrades already completed and additional value-add opportunities available, this property presents a solid, investor-oriented asset offering both current income and future NOI growt