Rare Investment Opportunity Well maintained 3 family property located in East Hartford near the Glastonbury Line.


Property

Website:https://www.nestseekers.com/5548374
Address:
176 Brewer
East Hartford, CT 06118
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 6 BR
Bathrooms: 3
Area: 2840 sq ft

Financials

Price:$525,000
Annual Taxes:$8,002

Description

Rare Investment Opportunity - Well-maintained 3-family property located in East Hartford near the Glastonbury Line. This unique multi-unit home offers an ideal blend of classic character and modern updates, making it perfect for both investors and owner-occupants. Featuring a versatile unit mix of 1-bedroom, 2-bedroom, and 3-bedroom apartments, each unit offers generously sized bedrooms, comfortable living spaces, and vinyl replacement windows. Two units include washer and dryer hookups, while the third unit features a portable washer and a solar dryer in the yard, adding convenience and tenant appeal. Major improvements include updated electrical breaker panels. Situated on an oversized lot, the property includes a 1-car detached garage, a separate outbuilding, two driveways, and ample off-street parking. The property is fully occupied by long-term tenants who would prefer to stay and currently responsible for their own utilities, ensuring immediate and stable cash flow. Rents are below market due to tenant longevity, presenting a strong value-add opportunity with significant upside potential for increased income. Conveniently located near Pratt & Whitney, Rentschler Field, parks, shopping, dining, and public transportation, with easy access to I-84, I-91, and Route 2. Hartford is just minutes away, and both New York City and Boston are approximately two hours away.

Amenities

  • ceiling fan
  • Elementary School - Joseph O. Goodwin
  • Garden Area
  • Gutters
  • High School - East Hartford
  • Intermediate School - Per Board of Ed
  • Lighting
  • Porch
  • Shed
  • Storm Doors
  • Thermopane Windows
  • Window Unit

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Theresa Paciga of CENTURY 21 AllPoints Realty