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277-281-283 Wethersfield , Hartford, CT 06114

$1,200,000
  • 277-281-283 Wethersfield , Hartford, CT 06114 Main Photo

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Active
BEDS24 BATHS6 full SQUARE FEET7,458 MLS#24177210
STATUSActive PROPERTY TYPEMulti Unit - Multiple

Property Description

Great investment opportunity in the highly desirable South End! This unique offering includes two buildings on the same lot, providing both immediate cash flow and excellent future income potential. 281-283 Wethersfield Ave features 6 well-maintained units, each offering 4 bedrooms and 1 bathroom, with a total of 7,458 sq ft. The property is fully rented, with most tenants on leases and paying approximately $1,850 per month. Tenants are responsible for their own gas heat, hot water, and electricity, helping keep operating expenses low. The building currently generates approximately $125,400 in gross annual income and delivers strong, consistent cash flow with an attractive cap. 277 Wethersfield Ave offers an exciting value-add opportunity. This 10,692 sq ft building is currently under rehab and has approved plans for 12 two-bedroom units. Major framework has already been completed, and building plans are attached. Once finished, the units are projected to rent for approximately $1,400 per month each, with an estimated gross annual income of about $201,400. A rare chance to own a high-income, multi-building investment property with both stable current returns and significant upside potential!

277-281-283 Wethersfield | MLS# 24177210

This multi-family property located at 277-281-283 Wethersfield , Hartford, CT 06114 is currently listed for sale with an asking price of $1,200,000. Search Hartford real estate on www.coldwellbankerchoice.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Cooling: None
Fuel Type: Natural Gas
Heating: Baseboard
Home Style: Units on different Floors
Lot Size: 0.05 Acres
Roof Type: Flat
Taxes: $19,161
Year Built: 1900

Feature Descriptions

Days on Site: 8
Exterior: Brick
Lot: Level Lot
Parking Spaces: 12
Sewer: Public Sewer Connected
Units: 6
Water: Public Water Connected
Waterfront: Not Applicable

Local Schools

High School: Per Board of Ed
Elementary School: Per Board of Ed

Listed By / Shown By

Listing By

Agency Name: Premier Properties of CT
Agent Name: Enrique Quintana
Agency Phone: (860) 7560980

Shown By

Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)

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Estimated Payment

$ 4,617.43 per month $2,670.68 Principal & Interest $1,596.75 Property Tax $350.00 Homeowner's Insurance

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