Description
Find ownership in Clay Arsenal. Right next to Yard Goat Dunkin Donut Staduim,and the HIstoric distirct, . Stone throws away from Downtown Hartford Bushnell Park, Highways, and Bushnell Theater. Tons of potential here. One HUGE 3 BD UNIT . Long time tenants. Rents below market getting $800 on 3b and $1200 out of storefront( $1500 to 1700 a month for store front and $1200-$1500 on 3bd rent a mo more accurate) This owner has taken a lot of care into this building. Has been in the family for generations. Newer mechanical's , Newer electrical, Newer roof, Newer updates. Solid 7.91% cap rate in this neighborhood. Building has the potential to be worth 455k+ (potential rental income $3000/mo($1500 x1 3 BD RES.RENT PER MO, $1500 PER MO COMM LEASE, $0 a month owner expenses(tenants pay everything and maintain property. Only time owner spends anything is if something happens to the property. Every year owned has seen profits in the green), EST. POTENTIAL NOI $36,000/7.91%=$455k. Work the numbers and make it worth more)Off street parking and on Street parking. Right on public transportation routes, tons of amenities, recreations and not to far from Riverfront activities. So MUCH WONDERFUL POTENTIAL AWAITING YOU. MAKE THIS THE NEXT ADDITION TO YOUR PORTFOLIO
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Listing Agent: Lucas Nash
Listing Office: Century 21 AllPoints Realty
