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507 Park Street

Hartford, CT 06106
  • $2,025,000
  • STATUS: Active Under Contract
  • ON SITE: 105 Days
  • MLS #: 170443425
Under Contract
UPDATED: 26 min ago
$2,025,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,890
    SQFT
  • $294
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Information

Elementary School:
High School:

Description

LOOKING FOR SERIOUS INVESTORS!!! An excellent opportunity to purchase income producing real estate. 3 Buildings for sale as one package deal...All three are walking distance from each other for easier management/maintenance. All units are on the bus line, easy to rent and well managed. Updated mechanicals and electrical in all three buildings. Properties will be "SOLD AS IS. All units are fully rented, with a 5% annual automatic rental increase on their leases. Buyers are responsible for their own due diligence. Properties combined have a Net Operating Income of $215,560. The package includes the following properties: 507-513 Park St. (4 -2bedroom units, 1 pizza restaurant, 1 convenience store), 528-546 Park St. (8-2bedroom units, 1 nail salon, 1 convenience store, 1 tax preparation office, 1 phone repair store, 1 barbershop), 1016-1022 Broad St. (6 3bedroom units, a church and convenience store).No residential units will be shown during initial showings. An offer accompanied or a letter of intent accompanied by a prequalification or POF will be needed for residential units to be shown as to not disturb buildings residents.

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-01-21T17:10:13.823.
www.faifmangroup.com/homes/122166538
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507 Park Street Hartford, CT 06106

  • Price: $2,025,000
  • Status: Active Under Contract
  • On Site: 105 Days
  • Updated: 26 min ago
  • MLS #: 170443425
0
Beds
0
Baths
0
½ Baths
0.17
Acres
6,890
SQFT
$294
$/SQFT
1920
Built
Neighborhood:
Frog Hollow
County:
Hartford
Area:
Hartford
Elementary School:
Sanchez
High School:
per board of ed
Property Description
LOOKING FOR SERIOUS INVESTORS!!! An excellent opportunity to purchase income producing real estate. 3 Buildings for sale as one package deal...All three are walking distance from each other for easier management/maintenance. All units are on the bus line, easy to rent and well managed. Updated mechanicals and electrical in all three buildings. Properties will be "SOLD AS IS. All units are fully rented, with a 5% annual automatic rental increase on their leases. Buyers are responsible for their own due diligence. Properties combined have a Net Operating Income of $215,560. The package includes the following properties: 507-513 Park St. (4 -2bedroom units, 1 pizza restaurant, 1 convenience store), 528-546 Park St. (8-2bedroom units, 1 nail salon, 1 convenience store, 1 tax preparation office, 1 phone repair store, 1 barbershop), 1016-1022 Broad St. (6 3bedroom units, a church and convenience store).No residential units will be shown during initial showings. An offer accompanied or a letter of intent accompanied by a prequalification or POF will be needed for residential units to be shown as to not disturb buildings residents.
Exterior Features

Construction Description Frame Exterior Siding Brick Foundation Type ConcreteStone Lot Description Level Lot Roof Information Flat Waterfront Description Not Applicable

Interior Features

Attic Yn No Basement Description Full Cooling System None Heat Type Gas On Gas Hot Water Description Domestic

Property Features

Bank Owned Property Yn No Direct Waterfront Yn No Fuel Tank Location Non Applicable Garage Parking Info Off Street ParkingParking Lot Heat Fuel Type Gas In Street Hoa Yn No Home Warranty Offered Yn No New Construction Type No/Resale Possession Availability Negotiable Potential Short Sale Yn No Property Sub Type 5 Family+ Property Tax 18568 Sewage System Public Sewer Connected Sign Yn No Swimming Pool Yn No Water Source Public Water Connected Zoning Ms-1

Listing information © 2022 Smart MLS
Listing provided courtesy of Adriana Burgos of Coldwell Banker Realty.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-01-21T17:10:13.823.
 
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Faifman Group
47 Riverside Ave
Westport CT, 06880