645 Burnside Ave, East Hartford, CT 06108
- $1,098,888
- 10
- BD
- 9
- BA
- 5,846
- SqFt
- List Price
- $1,098,888
- Status
- ACTIVE
- MLS#
- 24205669
- Year Built
- 1903
- Bedrooms
- 10
- Bathrooms
- 9
- Acres
- 0.31
- Living Area
- 5,846
- Neighborhood
- N/A
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 Information
- Taxes
- $14,967
- Lot Size
- 13,503
- Heating
- Hot Water
- Cooling System Type
- Window/Wall
- Water Source
- Public
- Basement
- Full, Full
- Elementary School
- Per Board of Ed
- High School
- East Hartford
Mortgage Calculator
Listing courtesy of Lisa Cozzi from Century 21 AllPoints Realty. (860) 508-2102 (860) 263-2121
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