Hartford, CT 06114,44 Otis Street

$500,000

$499,000

0.2%
Est.Price: ?

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Est. payment /mo

4,501 SqFt


SOLD DATE : 12/08/2022

Key Details

Sold Price $500,000

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Sold

Purchase Type For Sale

Square Footage 4,501 sqft

Price per Sqft $111

MLS Listing ID 170512859

Sold Date 12/08/22

Style Units on different Floors

Year Built 1964

Annual Tax Amount $14,045

Lot Size 10,890 Sqft

Property Description

44 Otis is a desirable 5-unit, brick multifamily in the Southend of Hartford. Five units have two bedrooms. There is an additional unit that has one bedroom. All units are spacious and each has separate electric utilities. Owner pays heat for 4 units. All tenants pay for their electricity. Upside potential here is that the rents are below market value. There are two vacant units now that present a unique opportunity to start moving rents for a better ROI. Additionally, there is an area in the basement for the addition of a coin-operated laundry, and finally, the off-street parking could also be decoupled from the leases allowing for an extra parking fee. Don't miss out on this opportunity as this property is in an area with high rental demand!

Location

State CT

County Hartford

Zoning N2-3

Rooms

Basement Full, Apartment

Interior

Heating Baseboard

Cooling Window Unit

Exterior

Garage Paved, Unassigned Parking, Off Street Parking

Waterfront Description Not Applicable

Roof Type Flat

Building

Lot Description City Views, Level Lot

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

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Listed by Ilka D. Torres • KW Legacy Partners
Bought with Tonya Beamon • S Young Realty & Associates LL

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Ilka Torres

Broker | License ID: REB.0794005

+1(860) 985-3788

1939 Broad St, Hartford, CT, 06114, USA

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