645 Burnside
East Hartford, CT 06108

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 10 BR
Bathrooms: 9
Area: 5846 sq ft

Financials

Price:$1,098,888
Annual Taxes:$14,967
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Lisa Cozzi of Century 21 AllPoints Realty

9. 4 ROI 7. 7 CAP RATE 9 UNIT MIXED USE INVESTMENT OPPORTUNITY !

Description

9.4% ROI | 7.7% CAP RATE | 9-UNIT MIXED-USE INVESTMENT OPPORTUNITY! Positioned along East Hartford's active Burnside Avenue corridor, 654 Burnside Avenue offers investors a diversified income stream with one cafe plus eight residential units consisting of one 2-bedroom, three 1-bedroom apartments and four studios. The cafe pays its own gas and electric, helping reduce ownership expenses, while ample on-site parking adds convenience for both residential and commercial tenants. Recent property improvements include a new front porch, front entry doors, central boiler and hot water heater and select replacement windows. With a combination of commercial and residential income, strong visibility along Burnside Avenue, access to public transportation and proximity to neighborhood retail and services, this property presents an attractive opportunity to acquire a cash-flowing mixed-use asset. Multiple income streams. Ample parking. Strong returns. One investment.

Amenities

  • Elementary School - Per Board of Ed
  • High School - East Hartford
  • Intermediate School -
  • Window Unit

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