Mixed-use investment opportunity with great potential cash flow! This 8 Apartment unit comprised of one and two bedrooms situated over four street level retail stores and one commercial space located in the rear of the property. The apartment units will need some upgrading/rehab. 3 out of the 4 retail store units are currently leased with strong cash flow. There is one central gas boiler approx. 6 years old, electrical has been updated and the roof is in adequate condition. The apartment tenants pay for their own electric and cable and landlord pay heat and hot water. Retail/commercial the landlord pays heat only. Conveniently located near bus line, shopping, restaurants all within walking distance. Seller request ALL interested parties must do drive-by prior to show request.
Off market
Street View
Zestimate®
$848,100
551 Albany Ave, Hartford, CT 06112
--beds
0baths
9,993sqft
MultiFamily
Built in 1930
-- sqft lot
$848,100 Zestimate®
$85/sqft
$1,568 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Gas
Cooling
- None
Features
- Basement: Unfinished, Full
Interior area
- Total interior livable area: 9,993 sqft
Property
Features
- Exterior features: Brick
- Waterfront features: Not Applicable
Lot
- Size: 9,147 sqft
- Features: Level
Details
- Zoning: MS-1
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Other
Condition
- Year built: 1930
Utilities & green energy
- Sewer: Public Sewer
- Water: Public Water Connected
Community & neighborhood
Location
- Region: Hartford
HOA & financial
Other financial information
- Total actual rent: 459000
Other
Other facts
- Sewer: Public Sewer
- Basement: Unfinished, Full
- AssociationYN: 0
- HeatingYN: true
- Heating: Natural Gas, Gas on Gas
- Roof: Flat
- ConstructionMaterials: Frame, Brick
- NumberOfUnitsTotal: 8
- LandLeaseAmountFrequency: Monthly
- LotFeatures: Level
- FoundationDetails: Block, Concrete
- ParkingFeatures: Off Street, Other, On Site
- YearBuiltSource: Public Records
- WaterSource: Public Water Connected
- WaterfrontFeatures: Not Applicable
- Zoning: MS-1
- TotalActualRent: 459000.00
- MlsStatus: Active