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85 Prospect Hill Road

New Milford, CT 06776
  • $1,025,000
  • STATUS: Closed
  • ON SITE: 393 Days
  • MLS #: 170579989
Sold - 10/23/2023
$1,025,000
SOLD - 10/23/2023
  • 10
    BEDS
  • 0.48
    ACRES
  • 6
    BATHS
  • 0
    1/2 BATHS
  • 5,815
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1880
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

Own a Piece of Local History! This 7-family Victorian home offers a bit of local lore in addition to an awesome income opportunity for the savvy investor. This home was the original first home of the famous John Pettibone when he and his family first moved to New Milford to become not only a teacher in the high school, but also the dual job of Superintendent of the New Milford school system, where he served for more than 40 years. This property also served for awhile as a spa in the mid 20 the century, known as "Healthstone", which you can still see inscribed on the front door of the huge wraparound porch. Owned and operated for the past nearly 30 years by the current owner, these 7 units, have traditionally been long-term situations for its residents. Consisting of 5 two bedroom units and 2 one bedroom units, they are all individually metered for both their electrical and heating situations, making for a cost effective and profitable enterprise for the landlord owner. Newer roof and siding, blown in insulation and spacious wrap-around porch, this in-town opportunity is a must have for the investor looking to add to their residential real estate investment portfolio. She pretty much runs on auto-pilot! Agents: See Agent Remarks

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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 2024 SmartMLS, Inc. Data last updated: 2024-07-23T14:10:52.443.
www.timdentteam.com/homes/140913521
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85 Prospect Hill Road New Milford, CT 06776

  • Price: $1,100,000
  • Status: Closed
  • On Site: 393 Days
  • Updated: 159 min ago
  • MLS #: 170579989
10
Beds
6
Baths
0
½ Baths
0.48
Acres
5,815
SQFT
$0
$/SQFT
1880
Built
Neighborhood:
Prospect District
County:
Litchfield
Area:
New Milford
Elementary School:
Hill & Plain
Middle School:
Schaghticoke
High School:
per board of ed
Property Description
Own a Piece of Local History! This 7-family Victorian home offers a bit of local lore in addition to an awesome income opportunity for the savvy investor. This home was the original first home of the famous John Pettibone when he and his family first moved to New Milford to become not only a teacher in the high school, but also the dual job of Superintendent of the New Milford school system, where he served for more than 40 years. This property also served for awhile as a spa in the mid 20 the century, known as "Healthstone", which you can still see inscribed on the front door of the huge wraparound porch. Owned and operated for the past nearly 30 years by the current owner, these 7 units, have traditionally been long-term situations for its residents. Consisting of 5 two bedroom units and 2 one bedroom units, they are all individually metered for both their electrical and heating situations, making for a cost effective and profitable enterprise for the landlord owner. Newer roof and siding, blown in insulation and spacious wrap-around porch, this in-town opportunity is a must have for the investor looking to add to their residential real estate investment portfolio. She pretty much runs on auto-pilot! Agents: See Agent Remarks
Exterior Features

Color Beige Direct Waterfront YN No Driveway Type Private Exterior Features LightingPorch-Wrap Around Exterior Siding Vinyl Siding Garage And Parking Off Street ParkingOn Street ParkingParking Lot Lot Description City ViewsCorner LotLevel LotRolling Nearby Amenities Golf CourseHealth ClubLakeLibraryMedical FacilitiesParkPrivate School(S)Shopping/Mall Parking Total Spaces 12 Roof Information Asphalt Shingle Style Units On Different FloorsUnits Are Side-By-Side Swimming Pool YN No Waterfront Description Not Applicable

Interior Features

Attic Description Walk-UpFloored Attic YN Yes Basement Description Full With HatchwayUnfinishedInterior Access Cooling System None Fireplaces Total 4 Heat Type BaseboardHot WaterZoned Laundry Room Info Basement Hook-Up(S) Laundry Room Location Basement Sq Ft Est Heated Above Grade 5815 Sq Ft Total 5815 Total Rooms Multi Family 0

Property Features

Agent Owner YN No Bank Owned Property No Elevation Certificate YN No Energy Features Extra InsulationRidge VentsThermopane Windows Financing Used Conventional Fixed Flood Zone YN No Foundation Type Stone Fuel Tank Location Above Ground Gross Annual Expense 22591 Gross Annual Income 98100 Heat Fuel Type Propane Home Owners Assocation No Home Warranty Offered YN No Hot Water Description Electric Intermediate School Sarah Noble Net Operating Income 75509 New Construction Type No/Resale Potential Short Sale No Property Sub Type 5 Family+ Radon Mitigation Air YN No Radon Mitigation Water YN No Sewage System Public Sewer Connected Sewer Usage Fee Annual 3336 Total Number Of Units 7 Under Agreement Yn No Water Source Public Water Connected Zoning R8

Listing information © 2024 Smart MLS
Listing provided courtesy of Todd Sargent of Coldwell Banker Realty: (860) 354-4111.


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 2024 SmartMLS, Inc. Data last updated: 2024-07-23T14:10:52.443.
 
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Tim Dent Team | Coldwell Banker Realty
398 Main Street
Ridgefield CT, 06877