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Buy a multi-family propertyat 61 Allen Place, Hartford, CT 06106

$390,000

$0/mo

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Multifamily

3,150 Sq. Ft.

7,840 Sq. Ft. lot

7 Bedrooms

4 Bathrooms

293 Days on market

170583630 MLS ID

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About 61 Allen Place multi-family property

Hello investors and owner occupants! Here's an incredible investment property opportunity in the Barry Square Neighborhood of Hartford. The location is unbeatable, offering convenient access to highways, Trinity College, Hartford Hospital, public transportation, and other amenities in the Hartford area. This well-maintained three-family property features a rented 3-bedroom, 1-bathroom unit on the 1st floor, a rented 2-bedroom, 1.5-bathroom unit on the 2nd floor, and a vacant 2-bedroom, 1-bathroom unit on the 3rd floor, which is available immediately for owner occupancy. Recent renovations were completed in 2023 on the second floor, including updated flooring, walls, ceiling, ceiling fans, and recessed lights. In 2014, the property underwent additional updates, such as a new roof and the installation of high-efficiency gas furnaces with on-demand hot water for the first and second floors. The third-floor unit has a newer water heater and furnace. The property also offers ample parking space for 3-4 cars, along with a detached garage. This property is highly rentable, ensuring a steady income stream. There is a great opportunity to increase the rent upon purchase. The property is being sold in as-is condition. Don't miss out on this amazing investment opportunity! Act fast and secure your financial future!
Hello investors and owner occupants! Here's an incredible investment property opportunity in the Barry Square Neighborhood of Hartford. The location is unbeatable, offering convenient access to highways, Trinity College, Hartford Hospital, public transportation, and other amenities in the Hartford area. This well-maintained three-family property features a rented 3-bedroom, 1-bathroom unit on the 1st floor, a rented 2-bedroom, 1.5-bathroom unit on the 2nd floor, and a vacant 2-bedroom, 1-bathroom unit on the 3rd floor, which is available immediately for owner occupancy. Recent renovations were completed in 2023 on the second floor, including updated flooring, walls, ceiling, ceiling fans, and recessed lights. In 2014, the property underwent additional updates, such as a new roof and the installation of high-efficiency gas furnaces with on-demand hot water for the first and second floors. The third-floor unit has a newer water heater and furnace. The property also offers ample parking space for 3-4 cars, along with a detached garage. This property is highly rentable, ensuring a steady income stream. There is a great opportunity to increase the rent upon purchase. The property is being sold in as-is condition. Don't miss out on this amazing investment opportunity! Act fast and secure your financial future!

Property details

Attic Information

Yes

Walk-up

Basement

Full

Bathrooms

3 full bathrooms

1 half bathroom

4 total bathrooms

Bedrooms

7 bedrooms

House

New Construction Type: No/Resale

Built in 1920

3updown - Unit(s) per Floor

Community

Public Transportation

Shopping/Mall

Walk to Bus Lines

Cooling

Ceiling Fans

Expenses

Gross Annual Expense: 11051

Exterior Features

Porch

Aluminum

Foundation

Brick

Concrete

Garage

1 garage

Heating

Natural Gas

Hot Water

Income

Gross Annual Income: 23200

Net Operating Income: 12149

Location

Neighborhood: Barry Square

Lot

0 acres

Level Lot

Parking

3 total parking spaces

Paved

Possession

Possession Availability: NEGOTIABLE

Property

3150 heated sqft above grade

3150 total sqft

3 units

Not Applicable

Roof

Asphalt Shingle

Schools

Elementary School: Sanchez

High School: Per Board of Ed

Sewer

Public Sewer Connected

Utilities

Fuel Tank Location: Non Applicable

Hot Water: Natural Gas,Tankless Hotwater

Monthly cost

Estimated monthly cost

$2,934/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$366,600

+$11,700

$378,300

Seller agent commission$11,700 (3%)*

$0 (0%)

Buyer agent commission$11,700 (3%)*

$11,700 (3%)*

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

Get $11,700 more selling your home
with an Unreal Estate agent

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Unreal Estate checked: Aug 8, 2023 at 4:44 p.m.

Data updated: Jul 16, 2023 at 5:47 a.m.

Courtesy of Sylvia Agbolosu, Sharif Realty Group LLC.
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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