53-61 Nelson Street, Hartford, CT
Multi-family for Sale - $650,000 - 19,321 Sq. Ft. on 0.56 acres
Property Info
| CIMLS# | 915559 |
| Location 53-61 Nelson Street Hartford CT 06120 | |
| Updated | March 11th, 2017 |
| Type | Multi-family |
| Price | $650,000 |
| Building | 19,321 Sq. Ft. |
| Land | 0.56 acres |
Property Description
Newly renovated 14 unit apartment building. Potential to increase rental income by bringing all apartments to market rents.
Location Description:
This property is a CONDOMINIUM COMPLEX built about 1925, having brick exterior and membrane roof cover, with 14 individual units.
Highlights:
>> Value-Add Opportunity
>> 10.28% Cap Rate
>> 19,321 +/- Rentable Sq Ft
>> $40,000 in Recent Property Improvements
>> 14 Condo Units (Six 2 Bedroom/ Six 3 Bedroom/ Two 4 Bedroom)
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Financials
Sales Info:
>> Cap rate: 11.0%
