Live for Free or Add a Strong Asset to Your Portfolio! Welcome to this remarkable opportunity in the real estate market. With a total of four units, this property offers an incredible investment potential in a thriving rental market. Each of the four units is thoughtfully designed, featuring three spacious rooms, one bedroom, and a well-appointed bathroom. The strong demand for rentals in this area ensures a consistent stream of income. Long-term tenants already in place are paying $1,000 per month, offering you a solid foundation to build upon. With careful management, you can unlock the full potential of this investment. The property's overall condition is outstanding, and it's one of the cleanest multifamily homes on the market. A flat roof, only six years old, provides peace of mind for years to come. Newer windows, eight parking spaces, efficient gas heating, city sewer and water connections, and separate utilities for each unit giving you complete control over utility expenses and an excellent opportunity to increase your rental income. This rare and super well-maintained investment opportunity is one you must see for yourself to fully appreciate its potential. Whether you're an experienced investor looking to add a strong asset to your portfolio or a first-time buyer interested in living for free while enjoying the benefits of rental income, this property is a winning choice.
Sold for $410,000 on 01/05/24
$410,000
553 Tolland Street, East Hartford, CT 06108
4beds
2,576sqft
Multi Family
Built in 1920
-- sqft lot
$465,400 Zestimate®
$159/sqft
$2,283 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: January 09, 2024 at 08:27am
Listed by:
Jacek Mikolajczyk Team,
Jacek Mikolajczyk,
Berkshire Hathaway NE Prop.
Bought with:
Jacek Mikolajczyk, RES.0797319
Berkshire Hathaway NE Prop.
Source: Smart MLS,MLS#: 170609061

Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Natural Gas
Cooling
- Ceiling Fan(s), Window Unit(s)
Appliances
- Included: Gas Water Heater
- Laundry: Common Area, In Unit
Features
- Windows: Thermopane Windows
- Basement: Full,Unfinished
- Attic: None
Interior area
- Total structure area: 2,576
- Total interior livable area: 2,576 sqft
- Finished area above ground: 2,576
Property
Parking
- Total spaces: 8
- Parking features: Parking Lot
Features
- Exterior features: Balcony
Lot
- Size: 4,791 sqft
- Features: Corner Lot, Level
Details
- Parcel number: 2288095
- Zoning: R-4
Construction
Type & style
- Home type: MultiFamily
- Architectural style: 4updown - Unit(s) per Floor
- Property subtype: Multi Family
- Attached to another structure: Yes
Materials
- Aluminum Siding
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- New construction: No
- Year built: 1920
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Energy efficient items: Windows
Community & neighborhood
Community
- Community features: Golf, Shopping/Mall, Near Public Transport
Location
- Region: East Hartford
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$465,400
2% more+ $9,308
With Zillow Showcase(estimated)
$474,708