Find ownership in Clay Arsenal. Right next to Yard Goat Dunkin Donut Staduim,and the HIstoric distirct, . Stone throws away from Downtown Hartford Bushnell Park, Highways, and Bushnell Theater. Tons of potential here. One HUGE 3 BD UNIT . Long time tenants. Rents below market getting $800 on 3b and $1200 out of storefront( $1500 to 1700 a month for store front and $1200-$1500 on 3bd rent a mo more accurate) This owner has taken a lot of care into this building. Has been in the family for generations. Newer mechanical's , Newer electrical, Newer roof, Newer updates. Solid 7.91% cap rate in this neighborhood. Building has the potential to be worth 455k+ (potential rental income $3000/mo($1500 x1 3 BD RES.RENT PER MO, $1500 PER MO COMM LEASE, $0 a month owner expenses(tenants pay everything and maintain property. Only time owner spends anything is if something happens to the property. Every year owned has seen profits in the green), EST. POTENTIAL NOI $36,000/7.91%=$455k. Work the numbers and make it worth more)Off street parking and on Street parking. Right on public transportation routes, tons of amenities, recreations and not to far from Riverfront activities. So MUCH WONDERFUL POTENTIAL AWAITING YOU. MAKE THIS THE NEXT ADDITION TO YOUR PORTFOLIO
Listing Agent: Jayson G Kemp Courtesy of: Century 21 AllPoints Realty The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Updated: 6th December, 2022 12:56 PM (UTC)
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