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The Bourne Team @ Keller Williams Legacy Partners
86 Edwards St, Hartford, CT 06382
- $499,900
- 10
- BD
- 5
- BA
- 4,448
- SqFt
- List Price
- $499,900
- Status
- ACTIVE
- MLS#
- 24210094
- Year Built
- 1920
- Style
- Other
- Bedrooms
- 10
- Bathrooms
- 5
- Acres
- 0.23
- Living Area
- 4,448
- Neighborhood
- Clay Arsenal
Property Description
ATTENTION INVESTORS! Rare 5-unit multifamily opportunity directly across from the Hartford Pre-Kindergarten Magnet School campus. Offering immediate cash flow plus significant value-add potential, this property features two 1BR, two 2BR and one 4BR apartment. Four units are occupied, while renovated 2BR Unit 1S is intentionally vacant for showings and ready for immediate lease-up. Four units have been renovated between 2024-2026. Four units feature efficient tankless boilers, with the fifth served by a traditional boiler. Roof is reported to be approximately 3 years old. Current rent roll is $5,825/month including $1,200 attributed to vacant Unit 1S, with seller's market-rent analysis indicating potential gross rents of approximately $7,400-$8,000/month. A major additional feature is the substantial vacant grassy area at the rear of the property, providing potential for additional parking, garages or future development, subject to zoning, municipal approvals and buyer due diligence. Side and rear off-street parking. Sold as-is.
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Additional Information
- Taxes
- $11,892
- Lot Size
- 10,018
- Heating
- Hot Water
- Cooling System Type
- Wall Units
- Water Source
- Public
- Basement
- Full
- Parking Spaces
- 5
- Elementary School
- Per Board of Ed
- High School
- Per Board of Ed
Mortgage Calculator
Listing courtesy of Nauman Nafees from The Bella Group, LLC. (860) 634-2233 (860) 868-0639
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