48 Cambridge St Manchester, CT 06042

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3 beds · 1 bath · 1,554 sq ft · Lot Size: 8,712 sq ft · Single Family Home · Bowers
Est. Property Value: $250,313

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48 Cambridge St is in the Bowers neighborhood of Manchester, CT. It is located in Capitol County and ZIP code 06042. This Single Family Home was built in 1920 and is approximately 105 years old. The single family home spans 1554 sq ft with 3 bedrooms and 1 bathroom and sits on a 8712 sq ft lot. According to public records, it was sold for $100,000 and has a tax-assessed value of $272,840, which is $161 per sq ft. The Bowers area of Manchester has 777 residential homes with an average size of 1350 sq ft. Analyze and compare real estate investment strategies for properties like this home at 48 Cambridge St Manchester, CT 06042 with Property Intel by Whitepages.

Owners & Occupancy for 48 Cambridge St

This property is owned by Kenneth W Jean. Owner contact information includes 3 phone numbers and 4 email addresses.

Property Owners

Cell Phone(860) ***-****View Cell Phone
Residence**************
Landline(860) 644-4508
Distance from Property**********
Email Address*****@cs.comView Email
Residence**************
Landline(860) 644-4508
Distance from Property**********

Property Ownership Information

Property Tax Amount$5,481 in 2024
Purchase Price$100,000

Occupancy

Current Occupancy*****View Occupancy
Resident 1************* age 98
Resident 2*********** age 59
Resident 3************** age 60

Investment Potential for 48 Cambridge St

The property has a current estimated value of $250,313, which is 3% below the neighborhood median, based on public records. It last sold for $100,000. Projected long-term
is $39,000 annually ($3,250 per month) with a 94% occupancy rate.

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Long-Term

Gross Rental
$39,000 per year($3,250 per month)
Net Operating Income
Cap Rate
Occupancy Rate
94%in 06042 zip code
 
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Property Details for 48 Cambridge St

Property Details

Property Sq Ft

Living Area

1,554 sq ft

15% above market

Lot Size

8,712 sq ft

9% below market

Price Per Sq Ft

Living Area

$161 / sq ft

15% below market

Lot Size Area

$29 / sq ft

5% above market

Property condition, age, exterior, etc. for 48 Cambrid…
Longitude: -72.525688 Latitude: 41.784246 Parcel Number (APN): MANC-000076-000870-000048…

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Discover more single family homes near 48 Cambridge St in Manchester, Connecticut. Get property details like ownership length, owner age, and occupancy status to help you find the best real estate opportunities in this neighborhood.

Market Benchmarks

Compare data for 48 Cambridge St in Capitol County to the median in the neighborhood area and surrounding markets, where available.
View neighborhood benchmarks
Property
State
Difference
$250,313
$374,920
-$124,606 (-33%)
$570,006
-$207,474 (-36%)
YoY Price Change
2.62%
-100%
Year Built
1920
1962
-42 years
Living Space
1,554 sq ft
1,485 sq ft
69 (5%)
$ Per Living Sq Ft
$161
$249
-$88 (-35%)
Lot Size
8,712 sq ft
19,602 sq ft
-10890 (-56%)
$ Per Lot Sq Ft
$29
$20
$9 (46%)

Net Operating Income
$27,583
-$1,126 (-4%)
Annual Revenue
$39,000
$42,000
-$3,000 (-7%)
$14,851
-$2,308 (-16%)
Net Operating Income
$27,583
-$1,126 (-4%)
Cap Rate
7.46%
Home Value Comparison: Property vs. Local and Regional 3-Bed Single Family Home Medians

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