645 Burnside Avenue

multifamily

645 Burnside Avenue

East Hartford, Connecticut 6108

Price

$1,098,888

Price/SF

$187.97/SF

Building Size

5,846 SF

Lot Size

0.31 acres

Year Built

1903

Units

9

Property 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.

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645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue
645 Burnside Avenue

Additional Details

Zoning

B1

MLS Number

24205669

Property ID

c96cb0b1-49fb-472b-bfc9-e4c270ce72f5

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MLS Information

MLS#: 24205669

Listed by: Century 21 AllPoints Realty

Agent: Lisa Cozzi • (860) 508-2102 • lisacozzi@lisacozziteam.com

This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.