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78 Burnside Avenue

East Hartford, CT 06108
  • $485,000
  • STATUS: Closed
  • ON SITE: 527 Days
  • MLS #: 170521676
Sold - 04/24/2023
$485,000
SOLD - 04/24/2023
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,768
    SQFT
  • $0
    $/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 2024 SmartMLS, Inc. Data last updated: 2024-02-22T00:10:28.973.
www.sunsetcreekrealty.com/homes/133001649
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78 Burnside Avenue East Hartford, CT 06108

  • Price: $599,000
  • Status: Closed
  • On Site: 527 Days
  • Updated: 128 min ago
  • MLS #: 170521676
0
Beds
0
Baths
0
½ Baths
0.3
Acres
4,768
SQFT
$0
$/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

Direct Waterfront YN No Driveway Type Cement Exterior Siding Vinyl SidingStucco Garage And Parking On Street ParkingOff Street Parking Lot Description N/A Roof Information Asphalt ShingleFlat Style Units On Different Floors Swimming Pool YN No Waterfront Description Not Applicable

Interior Features

Attic YN No Basement Description Unfinished Cooling System None Heat Type Hot Water Sq Ft Est Heated Above Grade 4768 Sq Ft Total 4768 Total Rooms Multi Family 0

Property Features

Acceptable Financing FhaVaChfa Agent Owner YN No Bank Owned Property No Financing Used Other Foundation Type Concrete Fuel Tank Location Non Applicable Heat Fuel Type Natural Gas Home Owners Assocation No Home Warranty Offered YN No Hot Water Description Natural Gas New Construction Type No/Resale Potential Short Sale No Property Sub Type 5 Family+ Sewage System Public Sewer Connected Total Number Of Units 14 Under Agreement Yn No Water Source Public Water Connected Zoning B-2

Listing information © 2024 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 2024 SmartMLS, Inc. Data last updated: 2024-02-22T00:10:28.973.
 
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Sunset Creek Realty
1100 Boston Post Road
Guilford CT, 06437