38 Redding Street is a 6 unit multifamily located in the South End with 8 CAP rate, offering 6 2.


Property

Website:https://www.nestseekers.com/5613548
Address:
38-40 Redding
Hartford, CT 06114
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 12 BR
Bathrooms: 6
Area: 5643 sq ft

Financials

Price:$700,000
Annual Taxes:$18,070

Description

38 Redding Street is a 6-unit multifamily located in the South End with 8% CAP rate, offering (6) 2.5-bedroom, 1-bath units with roughly 940 SF each. the property is 100% occupied. Units feature hardwood floors throughout with some kitchen and bath updates. Utilities are separately metered and tenant-paid (gas heat and hot water). No on-site laundry and mostly on-street parking. There is a private, paved driveway with tandem parking for a couple cars. Conveniently located in the south end, walking distance to Colt Park, near Downtown Hartford, Hartford Hospital, major highways, public transportation, shopping, and neighborhood amenities, this is an excellent start or addition to any investment portfolio.

Amenities

  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School -
  • Lighting
  • Porch
  • Sidewalk
  • Window Unit

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Amanda Faroni-Sheehan of Oxford Realty