$500,000
$499,000
0.2%For more information regarding the value of a property, please contact us for a free consultation.
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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Bought with Tonya Beamon • S Young Realty & Associates LL
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Broker | License ID: REB.0794005