Price Reduced 15.38%

$1,100,000

Est. Mortgage $5,562/mo *

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Price History

$1,300,000
10/18/2022

$1,100,000
8/4/2023

270-276 Bellevue Street, Hartford, CT, 06120

270-276 Bellevue Street, Hartford, CT, 06120
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34 rooms

20 beds

10 Full / 4 Half baths

1990

9,264 sqft

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!

Status:

Active

Type:

Commercial

Units:

8

Zoning:

NX-1

Frontage:

Paved Road

Garage:

Paved, Off Street Parking, Parking Lot

Heating:

Baseboard

Cooling:

None

Parking:

14-car

Acreage:

0.47

Est. Taxes:

$25,894

Assessment

$375,550

Current Use

8 Unit Multi-Plex Res Income

Utilities

Electric,Gas,Telephone,Cable

Lot Description:

Level Lot

Days on Market:

746

MLS #:

170530819

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Michael Truong, eXp Realty Email: michael.truong@exprealty.com