Value-Add Investment Opportunity in Cromwell! Calling all investors, contractors, and rehab buyers! Welcome to 9 Allen Road, a historic 3-family multi-family home built in 1800, offering immense potential. With a spacious layout totaling 2,698 square feet of living space, this property features 6 bedrooms and 3 full baths distributed across 3 units (each with its own kitchen). Situated on a level 0.49-acre lot, the property benefits from highly desirable public water and public sewer connections. Notable mechanical updates include a 200-Amp electrical service upgrade (2017) and a newer architectural shingle roof (2018). The property does require significant work and is ready for your sweat equity or a complete renovation to maximize its rental yield. Perfect for a rehab loan, portfolio lender, or cash transaction looking to add a strong cash-flowing asset to their portfolio. Listing Status: Sold AS-IS, WHERE-IS. Financing: May not qualify for conventional financing on the basis to condition; cash, hard money, or rehab loans (like FHA 203k) are highly recommended. Special Condition: All offers must include the As-Is Addendum to be considered. Bring your vision and restore this historic multi-family to its full potential!
Multi-familyProperty Type
1800Year Built
0.49 acresLot Size
$170Price/Sq.Ft.
Listed by Seth Winkleman• Berkshire Hathaway NE Prop.
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
5/10 Heat Factor
7 days above 99° expected this year, 16 days in 30 years
6/10 Wind Factor
27% chance of strong winds in next 30 years
3/10 Air Factor
2 unhealthy days expected this year, 3 days in 30 years
Provided by First Street
Historical weather
Cromwell, CT • 06416
Average low and high temperatures (°F)
35
21
37
21
53
34
63
43
70
52
82
61
85
67
82
60
77
57
64
46
54
36
40
25
Jan
Feb
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Apr
May
Jun
Jul
Aug
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Sun exposure
94/ 100
Exceptional sunlight
Sunscore
This home ranks in the top 4% for direct sun exposure in Cromwell. There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.4 hrs
5.7 hrs
JuneDecember
Provided by Shadowmap
Redfin Estimate for 9 Allen Rd
$462,265
$2,265 over list price of $460K
Nearby comparable homes
The Redfin Estimate uses 6 recent nearby sales, priced between $450K to $700K.