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Buy a multi-family propertyat 283 New Britain Avenue, Hartford, CT 06106

$1,341,000

$0/mo

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Multifamily

7,998 Sq. Ft.

8,712 Sq. Ft. lot

7 Bedrooms

6 Bathrooms

298 Days on market

170571584 MLS ID

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About 283 New Britain Avenue multi-family property

This turnkey asset has it all - condition & stability and huge income potential PLUS right across the street from Trinity College. Excellent unit mix - Four large 1BR's, Two 2BR, one efficiency and two storefronts. Tremendous upside on rents! This building has been meticulously maintained from top to bottom and needs to be appreciated for it's detailed maintenance. New roof, separate utilities, parking in front of building. The pictures tell the story, and whomever purchases this building will enjoy the potential income stream, excellent condition and ideal location. No capital improvements will be needed for some time.
This turnkey asset has it all - condition & stability and huge income potential PLUS right across the street from Trinity College. Excellent unit mix - Four large 1BR's, Two 2BR, one efficiency and two storefronts. Tremendous upside on rents! This building has been meticulously maintained from top to bottom and needs to be appreciated for it's detailed maintenance. New roof, separate utilities, parking in front of building. The pictures tell the story, and whomever purchases this building will enjoy the potential income stream, excellent condition and ideal location. No capital improvements will be needed for some time.

Property details

Attic Information

Access Via Hatch

Basement

Full With Walk-Out

Bathrooms

6 full bathrooms

6 total bathrooms

Bedrooms

7 bedrooms

House

New Construction Type: No/Resale

Built in 1929

3updown - Unit(s) per Floor

Community

Medical Facilities

Private School(s)

Public Transportation

Shopping/Mall

Walk to Bus Lines

Cooling

Wall Unit

Disclosures

Radon Mitigation Air YNU: No

Radon Mitigation Water YNU: No

Expenses

Gross Annual Expense: 33559

Exterior Features

Sidewalk

Brick

Foundation

Concrete

Heating

Natural Gas

Baseboard

Home Owner's Association

None

Income

Gross Annual Income: 109200

Net Operating Income: 75640

Laundry

Laundry Room Location: Lower

Common Laundry Area

Location

Neighborhood: Barry Square

Lot

0 acres

Level Lot

Energy Saving

Storm Doors

Storm Windows

Parking

6 total parking spaces

Private

Paved

Possession

Possession Availability: Negotiable

Property

7998 heated sqft above grade

7998 total sqft

6 units

Not Applicable

Roof

Asphalt Shingle

Schools

Elementary School: Per Board of Ed

Intermediate School: Per Board of Ed

High School: Per Board of Ed

Sewer

Public Sewer Connected

Public Sewer In Street

Utilities

Fuel Tank Location: Non Applicable

Hot Water: 50 Gallon Tank,Natural Gas

Monthly cost

Estimated monthly cost

$10,088/mo

All calculations are estimates and provided for informational purposes only. Actual amounts may vary.

Seller fees & commissions

Home sale price

$

Outstanding mortgage

$

Selling with traditional agent

Selling with Unreal Estate agent

Your total sale proceeds$1,260,540

+$40,230

$1,300,770

Seller agent commission$40,230 (3%)*

$0 (0%)

Buyer agent commission$40,230 (3%)*

$40,230 (3%)*

*Commissions are based on national averages and not intended to represent actual commissions of this property

Get $40,230 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: May 6, 2024 at 2:17 p.m.

Data updated: Jul 14, 2023 at 11:47 a.m.

Courtesy of Michelle Lorenzetti, Premier R.E. Investment Group.
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.
Listing Information © 2024 SmartMLS, Inc. All Rights Reserved.

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