41-43 Mill St, Putnam, CT 06260

Description

Turnkey side-by-side two-family in Putnam with $3,400/month in rental income! Both units are rented: updated side is rented for $1,800/month and the original side of the duplex is rented at $1,300/month through December 2026 and is scheduled to increase to $1,600/month in January 2027 per the existing lease. This makes it a solid addition for an experienced investor or a strong start for a first-time buyer who wants to live in one side and rent the other. Each unit has 2 bedrooms, 1 full bath and its own full basement, with separate utilities, its own Buderus gas boiler and its own electric hot water heater. One side was recently updated with luxury vinyl plank flooring, crisp white kitchen cabinetry, warm wood beam accents and a refreshed bath. The other side has a classic oak kitchen, an open living area and good overall condition, so there's room to add value. Outside, you'll find a covered front porch, new front steps, covered rear patios, a fenced backyard and off-street parking for each unit. The basements offer plenty of storage and washer/dryer. It's close to shopping, dining and downtown Putnam, with easy access to Route 395. Both units are occupied, so advanced notice required.