571 Pepper Street, Monroe, Connecticut 06468

$549,999
1,030
SqFt

Property Description

A RARE OPPORTUNITY TO HAVE THE ABILITY TO LIVE IN A FULLY UPDATED 2 BEDROOM, 1 BATH HOME AND USE THE REMAINDER OF THE PROPERTY FOR YOUR BUSINESS AS WELL. LOCATED IN THE HEART OF MONROE'S COMMERCIAL INDUSTRIAL SECTION OF TOWN, THIS UNIQUE 2 ACRE LOT OFFERS I-2 ZONING FOR MULTIPLE USES. USE THE HOME TO EITHER LIVE IN, AS A BUSINESS OFFICE OR LEASE IT FOR ADDITIONAL INCOME AS A RESIDENTIAL LEASED PROPERTY. A RECENT MARKET RENT COMP ON A 2BR/1 BATH HOME WAS $1,850 BUT BASED ON CONDITION, LOCATION AND WITH SUCH LIMITED INVENTORY OF RENTALS, THIS COULD GET A PREMIUM ABOVE THAT COMP IN RENTAL INCOME. THIS UPDATED CAPE FEATURES A NEW ROOF, NEWER HARDWOOD FLOORS, NEW GRANITE COUNTERS IN THE NEW KITCHEN W/STAINLESS STEEL APPLIANCES. LARGE EXTERIOR DECK AND LOTS OF LAND! ALSO FEATURED ON THE PROPERTY IS A LARGE CONCRETE SLAB FOR A FUTURE COMMERCIAL PURPOSE OR BUSINESS OR IT CAN BE USED AS A POSSIBLE FOUNDATION FOR A (BUSINESS) OR A BUILDING OR DETACHED GARAGES TO BE CONSTRUCTED. CENTRAL AIR, GAS HEAT, GAS RANGE, CITY WATER AND SEPTIC. ATTACHMENTS FOR THE USES ALLOWED UNDER THIS ZONING OR THROUGH SPECIAL EXCEPTION PERMIT, MAPS AND OTHER SUPPORTING INFORMATIONAL DOCUMENTS.

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Listing courtesy of Coldwell Banker Realty.