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Key Details
Sold Price $260,000
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Sold
Purchase Type For Sale
Square Footage 4,524 sqft
Price per Sqft $57
MLS Listing ID 170378426
Sold Date 05/07/21
Style Units on different Floors,Units are Side-by-Side
Year Built 1970
Annual Tax Amount $10,947
Lot Size 6,098 Sqft
Property Sub-Type 5 Family+
Property Description
Not a drive by! This is an opportunity to own 8 units in the Frog Hollow neighborhood of Hartford with a 14% CAP rate and $39k + NOI!! There are (7) 1 bed/1 bath apartments and 1 small efficiency unit. The majority of units have been updated and feature: laminate hardwood floors + tile, updated kitchens w/new cabinets and counters, and fully updated bath rooms. The driveway is shared with the property in back, there is off-street parking in rear for a couple of cars. The electrical has been updated with separate panels in each unit and tenant paid. H &HW are central gas and paid by owner.. There is no laundry on site. Value add potential to increase rents = 16+% CAP!
Location
State CT
County Hartford
Zoning NX-2
Rooms
Basement Full, Unfinished
Interior
Heating Gas on Gas
Cooling Window Unit
Exterior
Exterior Feature Awnings, Gutters, Lighting, Porch, Sidewalk
Parking Features Driveway, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Masonry, Stone
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 Zachary D. Nichols • Realty Exclusive LLC
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