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553 Tolland Street

East Hartford, CT 06108
  • $410,000
  • STATUS: Active Under Contract
  • ON SITE: 27 Days
  • MLS #: 170609061
Under Contract
UPDATED: 55 min ago
$410,000
  • 4
    BEDS
  • 0.11
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 2,576
    SQFT
  • $159
    $/SQFT
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
High School:

Description

Live for Free or Add a Strong Asset to Your Portfolio! Welcome to this remarkable opportunity in the real estate market. With a total of four units, this property offers an incredible investment potential in a thriving rental market. Each of the four units is thoughtfully designed, featuring three spacious rooms, one bedroom, and a well-appointed bathroom. The strong demand for rentals in this area ensures a consistent stream of income. Long-term tenants already in place are paying $1,000 per month, offering you a solid foundation to build upon. With careful management, you can unlock the full potential of this investment. The property's overall condition is outstanding, and it's one of the cleanest multifamily homes on the market. A flat roof, only six years old, provides peace of mind for years to come. Newer windows, eight parking spaces, efficient gas heating, city sewer and water connections, and separate utilities for each unit giving you complete control over utility expenses and an excellent opportunity to increase your rental income. This rare and super well-maintained investment opportunity is one you must see for yourself to fully appreciate its potential. Whether you're an experienced investor looking to add a strong asset to your portfolio or a first-time buyer interested in living for free while enjoying the benefits of rental income, this property is a winning choice.

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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 2023 SmartMLS, Inc. Data last updated: 2023-12-04T10:09:59.273.
www.connecticutpropertyforsale.com/homes/145052882
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553 Tolland Street East Hartford, CT 06108

  • Price: $410,000
  • Status: Active Under Contract
  • On Site: 27 Days
  • Updated: 55 min ago
  • MLS #: 170609061
4
Beds
4
Baths
0
½ Baths
0.11
Acres
2,576
SQFT
$159
$/SQFT
1920
Built
County:
Hartford
Area:
E Hartford
Elementary School:
per board of ed
High School:
per board of ed
Property Description
Live for Free or Add a Strong Asset to Your Portfolio! Welcome to this remarkable opportunity in the real estate market. With a total of four units, this property offers an incredible investment potential in a thriving rental market. Each of the four units is thoughtfully designed, featuring three spacious rooms, one bedroom, and a well-appointed bathroom. The strong demand for rentals in this area ensures a consistent stream of income. Long-term tenants already in place are paying $1,000 per month, offering you a solid foundation to build upon. With careful management, you can unlock the full potential of this investment. The property's overall condition is outstanding, and it's one of the cleanest multifamily homes on the market. A flat roof, only six years old, provides peace of mind for years to come. Newer windows, eight parking spaces, efficient gas heating, city sewer and water connections, and separate utilities for each unit giving you complete control over utility expenses and an excellent opportunity to increase your rental income. This rare and super well-maintained investment opportunity is one you must see for yourself to fully appreciate its potential. Whether you're an experienced investor looking to add a strong asset to your portfolio or a first-time buyer interested in living for free while enjoying the benefits of rental income, this property is a winning choice.
Exterior Features

Direct Waterfront YN No Exterior Features Balcony Exterior Siding Aluminum Garage And Parking Parking Lot Lot Description Corner LotLevel Lot Nearby Amenities Golf CourseShopping/MallWalk to Bus Lines Parking Total Spaces 8 Roof Information Flat Style 4updown - Unit(s) per Floor Swimming Pool YN No Waterfront Description Not Applicable

Interior Features

Attic YN No Basement Description FullUnfinished Cooling System Ceiling FansWindow Unit Heat Type Baseboard Laundry Room Info Common Laundry AreaWasher/Dryer All Units Laundry Room Location basement Sq Ft Est Heated Above Grade 2576 Sq Ft Total 2576 Total Rooms Multi Family 12

Property Features

Acceptable Financing FHAVACHFA Agent Owner YN No Bank Owned Property No Energy Features Thermopane Windows Exclusions commission paid of NET Flood Zone YN No Foundation Type Concrete Fuel Tank Location Non Applicable Gross Annual Expense 12680 Gross Annual Income 48000 Heat Fuel Type Natural Gas Home Owners Assocation No Home Warranty Offered YN No Hot Water Description Natural Gas Net Operating Income 35320 New Construction Type No/Resale Potential Short Sale No Property Sub Type 4 Family Sewage System Public Sewer Connected Total Number Of Units 4 Under Agreement Yn No Water Source Public Water Connected Zoning R-4

Listing information © 2023 Smart MLS
Listing provided courtesy of Jacek Mikolajczyk of Berkshire Hathaway Ne Prop.: (860) 677-4949.


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 2023 SmartMLS, Inc. Data last updated: 2023-12-04T10:09:59.273.
 
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