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78 Burnside Avenue

East Hartford, CT 06108
  • $599,000
  • STATUS: Active Under Contract
  • ON SITE: 143 Days
  • MLS #: 170521676
Under Contract
UPDATED: 108 min ago
$599,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,768
    SQFT
  • $126
    $/SQFT
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
High School:

Description

Value add opportunity with existing income in place.This investment opportunity features an 8 unit rooming house with 2 commercial spaces in the first floorBarber shop has been in business for a long time.The second commercial space is available for lease which will provide available income.Great location with high traffic count on Burnside Ave.The second asset is a traditional 4 family property needs rehab. There is a tremendous value add through remodeling and updating units.Off street parking available for 8 carsThe in place CAP Rate is 7.2 %. The ARV once the asset is brought to its fullest potential over 13 % CAP.

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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 2023 SmartMLS, Inc. Data last updated: 2023-02-03T00:10:09.707.
www.thecthomefinder.com/homes/133001649
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78 Burnside Avenue East Hartford, CT 06108

  • Price: $599,000
  • Status: Active Under Contract
  • On Site: 143 Days
  • Updated: 108 min ago
  • MLS #: 170521676
0
Beds
0
Baths
0
½ Baths
0.3
Acres
4,768
SQFT
$126
$/SQFT
1920
Built
County:
Hartford
Area:
E Hartford
Elementary School:
per board of ed
High School:
East Hartford
Property Description
Value add opportunity with existing income in place.This investment opportunity features an 8 unit rooming house with 2 commercial spaces in the first floorBarber shop has been in business for a long time.The second commercial space is available for lease which will provide available income.Great location with high traffic count on Burnside Ave.The second asset is a traditional 4 family property needs rehab. There is a tremendous value add through remodeling and updating units.Off street parking available for 8 carsThe in place CAP Rate is 7.2 %. The ARV once the asset is brought to its fullest potential over 13 % CAP.
Exterior Features

Construction Description Frame Driveway Type Cement Exterior Siding Vinyl SidingStucco Foundation Type Concrete Lot Description N/A Roof Information Asphalt ShingleFlat Style Units On Different Floors Waterfront Description Not Applicable

Interior Features

Attic Yn No Basement Description Unfinished Cooling System None Heat Type Hot Water Hot Water Description Natural Gas

Property Features

Bank Owned Property Yn No Direct Waterfront Yn No Fuel Tank Location Non Applicable Garage Parking Info On Street ParkingOff Street Parking Heat Fuel Type Natural Gas Hoa Yn No Home Warranty Offered Yn No New Construction Type No/Resale Possession Availability Inmediate Potential Short Sale Yn No Property Sub Type 5 Family+ Property Tax 13680 Sewage System Public Sewer Connected Sign Yn No Swimming Pool Yn No Water Source Public Water Connected Zoning B-2

Listing information © 2023 Smart MLS
Listing provided courtesy of Lisa Cozzi of Berkshire Hathaway Ne Prop.: (860) 633-3674.


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 2023 SmartMLS, Inc. Data last updated: 2023-02-03T00:10:09.707.
 
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