A rare opportunity to acquire a turnkey mixed use residential/retail asset located a block from Goodwin Park -- 8% CAP ON ACTUALS! Pride of ownership is evident when you tour the 5 high-end New York style residential apartments, 2 retail storefronts and 4 air conditioned + heated storage units with LED lighting, The roof, windows and electrical have all been updated. The walls have been insulated with foam. The residential apartments pay their own utilities (including heat and central air) and feature stainless steel appliances, ceramic tile in the bathrooms and modern flooring throughout. The appliances are 95% high efficiency. There is LED lighting and a beautiful laundry room with coin-operated machines on the second floor. The 2 retail spaces are each leased for $2500 and share one heating system. There is a secure foyer area with a hardwired fire alarm system. There are (4) storage units on the lower floor that are rented for additional income. The parking lot (191 Gilman) has space for 14 cars -- the lot is zoned for 4 units and is part of the sale as an additional opportunity! One or more of this property's owners is a Real Estate Licensee.
Sold for $1,200,000 on 12/04/23
$1,200,000
886 Maple Avenue, Hartford, CT 06114
5beds
5baths
7,978sqft
Multi Family
Built in 1948
-- sqft lot
$1,244,100 Zestimate®
$150/sqft
$1,255 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 05, 2023 at 09:40am
Listed by:
Lisa Cozzi Team,
Molly Sullivan 860-878-8141,
Berkshire Hathaway NE Prop. 860-633-3674,
Co-Listing Agent: Ilir Gjomarkaj 860-281-9730,
Berkshire Hathaway NE Prop.
Bought with:
Molly Sullivan, RES.0827053
Berkshire Hathaway NE Prop.
Source: Smart MLS,MLS#: 170561269
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 5
Heating
- Heat Pump, Electric, Oil
Cooling
- Ceiling Fan(s), Central Air, Ductless
Appliances
- Included: Water Heater, Gas Water Heater
- Laundry: Coin Op Laundry, Common Area
Features
- Basement: Full,Hatchway Access,Sump Pump
- Attic: None
Interior area
- Total structure area: 7,978
- Total interior livable area: 7,978 sqft
- Finished area above ground: 7,978
Property
Parking
- Total spaces: 20
- Parking features: Paved, Off Street, Parking Lot
Features
- Exterior features: Lighting
Lot
- Size: 7,840 sqft
- Features: Corner Lot
Details
- Parcel number: 594160
- Zoning: MS-2
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Brick
- Foundation: Concrete Perimeter
- Roof: Flat
Condition
- New construction: No
- Year built: 1948
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Green energy
- Green verification: ENERGY STAR Certified Homes
Community & neighborhood
Community
- Community features: Medical Facilities, Park, Near Public Transport, Shopping/Mall
Location
- Region: Hartford
- Subdivision: South End