$550,000
$550,000
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1 Bath
5,146 SqFt
SOLD DATE : 10/04/2024
Key Details
Sold Price $550,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 5,146 sqft
Price per Sqft $106
MLS Listing ID 24032088
Sold Date 10/04/24
Full Baths 1
Year Built 1895
Annual Tax Amount $16,854
Lot Size 7,405 Sqft
Property Description
8+% CAP return in this close to turn key brick 6 unit property in the Barry Square neighborhood. Amazing opportunity for a cash flowing investment. All 2 bed/1 bath units. Utilities are separate & tenant paid - electric + gas heat and hot water = LOW expenses for owner. Washer hookup in unit/kitchen. There is a driveway with off street parking for tenants. Trash is city pick up. Desirable south end location for tenants w/highway access, close to the city bus route, shopping, restaurants and other amenities. Rents below market = upside potential w/11% CAP pro-forma. Really great property for new or seasoned investor.
Location
State CT
County Hartford
Zoning N5-3
Interior
Heating Hot Water
Cooling Window Unit
Exterior
Exterior Feature Sidewalk
Parking Features Paved, Off Street Parking, Unassigned Parking
Utilities Available Electric, Gas, Phone Available, Cable Available
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Foundation Masonry, Stone
Sewer Public Sewer Connected
Water Public Water Connected
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Bought with Maria Balarezo • Five Stars Realty
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Broker | License ID: REB.0794005