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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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
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