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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10BEDS
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0.48ACRES
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6BATHS
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01/2 BATHS
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5,815SQFT
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$189$/SQFT
School Information
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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