116 Baltimore Street, Hartford, CT, Connecticut, property flyer

116 Baltimore Street, Hartford, CT, 06112 | $324,925

Discover this 3, 280 sq ft, three-family property located in the thriving North End of Hartford, minutes from West Hartford! Ideal for investors or owner-occupants looking to generate income. This property boasts 6 bedrooms and 3 full baths (with potential for 8 bedrooms!), plenty of room for customization and growth. First Floor Unit currently rented on a month-to-month basis, tenant paying below market rent-great potential for rental increase. Second & Third Floors: Both units are unoccupied, ready for occupancy or renovation! These floors need a little loving, but with the right touch, can bring in significant income. You have the option to convert front bedrooms into three-bedroom units, maximizing your rental potential to create 8 total bedrooms. Newer siding and windows - a fresh look with lower maintenance. Updated mechanical and electrical systems - hassle-free management. Gas heat and asphalt shingle roof for reliability and efficiency. This property has amazing proximity to local hospitals, bus lines, schools, and other conveniences. Whether you're looking to expand your portfolio or find a home with rental income, this property won't last long in this up-and-coming neighborhood. Second and third floors, as well as the basement, are available for viewing. Don't miss your chance to invest in a property with tremendous potential. Schedule your appointment today!

Features

Rooms: 15
Bedrooms: 6
Baths: 3 full
Units: 3
Style: Units on different Floors
Year Built: 1915

Heating: Hot Air
Cooling: None
Basement: Full,Unfinished
Above Grade Approx. Sq. Feet: 3,280
Acreage: 0.12
Est. Taxes: $5,215

Lot Desc: Level Lot
Elem. School: Per Board of Ed
High School: Per Board of Ed
MLS#: 24051749
Days on Market: 22 days
Website: https://www.raveis.com
/prop/24051749/116baltimorestreet_hartford_ct?source=qrflyer

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Listing courtesy of Five Stars Realty

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Frank KolbSenior Vice President - Coaching & Strategic, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 81725

203.980.8025

Frank.Kolb@raveis.com

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116 Baltimore Street, Hartford, CT, 06112

$324,925

Customer Service

William Raveis Real Estate

Phone: 888.699.8876

Contact@raveis.com

Frank Kolb

Senior Vice President - Coaching & Strategic

William Raveis Mortgage, LLC

Phone: 203.980.8025

Frank.Kolb@raveis.com

NMLS Mortgage Loan Originator ID 81725

	5/6 (30 Yr) Adjustable Rate Conforming*	30 Year Fixed-Rate Conforming	15 Year Fixed-Rate Conforming
Loan Amount	$259,940	$259,940	$259,940
Term	360 months	360 months	180 months
Initial Interest Rate**	7.000%	6.990%	5.990%
Interest Rate based on Index + Margin	8.125%
Annual Percentage Rate	7.551%	7.159%	6.276%
Monthly Tax Payment	$435	$435	$435
H/O Insurance Payment	$75	$75	$75
Initial Principal & Interest Pmt	$1,729	$1,728	$2,192
Total Monthly Payment	$2,239	$2,238	$2,702

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.