645 Burnside Avenue

East Hartford CT 06108

5846 sq. ft.

0.31 ac.

Multi-Family

Currently for sale - view listing

Overview

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.

Features

10 bedrooms

9 bathrooms

5846 sq. ft. floor area

0.31 ac. lot size

Multi-Family

Property history for 645 Burnside Avenue

2017

Sold

$310,000

26 May 2017 by Dana Flanagan, of Keller Williams Realty

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Local market activity for 10 bedroom multi families in East Hartford

Sold

For Sale

View the listing for inspection times, agent contact details, and more.

Lisa Cozzi

at Century 21 AllPoints Realty

View listing

Sales:: (619) 566-0008

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