$342,500
$319,900
7.1%For more information regarding the value of a property, please contact us for a free consultation.
9 Beds
3 Baths
2,916 SqFt
SOLD DATE : 03/15/2024
Key Details
Sold Price $342,500
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 2,916 sqft
Price per Sqft $117
MLS Listing ID 170619574
Sold Date 03/15/24
Style Units on different Floors
Bedrooms 9
Full Baths 3
Year Built 1920
Annual Tax Amount $7,380
Lot Size 7,405 Sqft
Property Description
Welcome to this well-maintained 3-family house in the heart of New Britain, CT, presenting a solid investment opportunity with promising returns. The first floor apartment has undergone practical updates, including a refreshed bathroom and remodeled kitchen, creating comfortable living spaces. The third floor mirrors this with updated kitchens, revitalized bedrooms, and a modernized bathroom. The property's exterior has been conscientiously landscaped and cleaned, providing an inviting outdoor space. This well-maintained property stands as a reliable investment option, with updated units contributing to its potential for consistent rental income. Currently yielding $3,550 in rent, the owner is actively working on increasing the rents to $3,900 in March, making it an incredibly lucrative investment for cash flow. It's worth noting that the 3rd floor is equipped with gas heating, providing efficient warmth, while the 1st and 2nd floors utilize electric heat. However, there are three gas meters at the property, allowing for flexibility and potential savings. There are also three water heaters and electrical panels, along with an owner's meter, ensuring convenience and ease of management. **click more to see additional remarks**
Location
State CT
County Hartford
Zoning T
Rooms
Basement Full, Unfinished, Concrete Floor, Dirt Floor
Interior
Heating Baseboard
Cooling None
Exterior
Exterior Feature Gutters, Lighting
Garage Driveway, Paved, Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Brick, Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Smith
Middle Schools Louis Slade
High Schools New Britain
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Bought with Laura Beth Collinson • Carl Guild & Associates
GET MORE INFORMATION
Broker | REB.0791464