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Niels Pennings

niels@nielspennings.com +1(917) 583-2567

$ 1,100,000

Est. payment -/mo

Save

Active

270 Bellevue Street Hartford, CT 06120

20 Beds

12 Baths

9,264 SqFt

UPDATED:

08/16/2024 12:58 PM

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 9,264 sqft

Price per Sqft $118

MLS Listing ID 170530368

Style Units are Side-by-Side,Other

Bedrooms 20

Full Baths 8

Half Baths 4

Year Built 1990

Annual Tax Amount $25,894

Lot Size 0.469 Acres

Property Description

Investors Take Notice Of This True One Of A Kind Immaculate Turn-Key 8 Unit Up/Down Condo Style Building Built In 1990. Rare To Find Such A Well Maintained Excellent Condition Property To Add To Any Portfolio. A Perfect Investment Property To Take Over And Begin Collecting Positive Monthly Cash Flow Income With Minimal Landlord Expenses. Each Unit Comes With Kitchen, Eating Area, Living Room, In Unit Laundry, Vinyl Windows, Separate Gas Heat Boiler, Water Heater, Electrical Breaker Panel, And Separate Full Basement. The Property Also Features A Fenced Level Lot With Patio Area And 14 Car Private Parking Lot. Just Blocks From Downtown, Restaurants, Dunkin' Park Baseball Field, St Francis Hospital, Bushnell Park, Museums, Easy Access To I-84 And Rte-91 Hwy. Rents Were Kept Extremely Below Market Value Because Occupants Are Members Of A Not-For-Profit Cooperative Structure. All Occupants Are Month-To-Month And Pay All Separate Utilities. Fully Rented And Up To Date Payments. Fair Market Rents Are $1800 For 4 Bedroom Units, $1600 For 3 Bedroom Units, $1400 For 2 Bedroom Units. This Building Comes With (2x) 4 Bed/2 Bath, (4x) 3 Bed/1.5 Bath, (2x) 2 Bed/1 Bath Totaling $153,600 Annual Gross Income. 8.3% Cap Rate. Sold As Is. To Schedule Showing: 24 Hours Notice And Email Proof Of Funds, Prequal Or LOI To Listing Agent Prior To Confirmation. Don't Miss Out On This Amazing Opportunity!

Location

State CT

County Hartford

Zoning NX-1

Rooms

Basement Full, Unfinished

Interior

Heating Baseboard

Cooling None

Exterior

Exterior Feature Patio

Garage Paved, Off Street Parking, Parking Lot

Waterfront Description View

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

Middle Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Michael Truong • eXp Realty

Niels Pennings

Real Estate Advisor | RES.RES.0814910

+1(917) 583-2567

Niels Pennings

270 Bellevue Street Hartford, CT 06120

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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270 Bellevue Street