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$1,098,888
Est. payment /mo
10 Beds
9 Baths
5,846 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 5,846 sqft
Price per Sqft $187
MLS Listing ID 24205669
Style Units on different Floors,Units are Side-by-Side
Bedrooms 10
Full Baths 9
Year Built 1903
Annual Tax Amount $14,967
Lot Size 0.310 Acres
Property Sub-Type Other
Property Description
9.4% ROI | 7.7% CAP RATE | 9-UNIT MIXED-USE INVESTMENT OPPORTUNITY! Positioned along East Hartford's active Burnside Avenue corridor, 654 Burnside Avenue offers investors a diversified income stream with one cafe plus eight residential units consisting of one 2-bedroom, three 1-bedroom apartments and four studios. The cafe pays its own gas and electric, helping reduce ownership expenses, while ample on-site parking adds convenience for both residential and commercial tenants. Recent property improvements include a new front porch, front entry doors, central boiler and hot water heater and select replacement windows. With a combination of commercial and residential income, strong visibility along Burnside Avenue, access to public transportation and proximity to neighborhood retail and services, this property presents an attractive opportunity to acquire a cash-flowing mixed-use asset. Multiple income streams. Ample parking. Strong returns. One investment.
Location
State CT
County Hartford
Zoning B1
Rooms
Basement Full, Full With Walk-Out
Interior
Heating Hot Water
Cooling Window Unit
Exterior
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Brick
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools East Hartford
Others
Virtual Tour https://imprv.co/sx74h
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Listed by Lisa Cozzi • Century 21 AllPoints Realty
Nearby School & Business
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