10-16 Suffield St

Great income producing property, boasting $6,595/month income! This eight-bedroom, four-bathroom property offers approximately 4,960 (approximately 1,240 per unit) square feet of living space. The residence consists of four two-story 2-bedroom units, each with covered porches. Separate utilities for all including water. The 4 apartments currently total $6,120/month income, but HUD indicates Fair Market Rents for 2 bedroom units in Windsor Locks are $1,630/unit or $6,520/month combined, allowing room to add value. The property also features a detached garage of approximately 1,200 square feet, built in 2008. The garage is rented separately from the units, providing an additional $475 of income! It is hard to find a deal in today's market that beats the 1 percent rule like this one.