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!
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)
Estimated Payment
$ 4,617.43 per month $2,670.68 Principal & Interest $1,596.75 Property Tax $350.00 Homeowner's InsuranceColdwell BankerĀ® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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.