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$2,150,000
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Property Description
LOOKING FOR SERIOUS INVESTORS!!! An excellent opportunity to purchase income producing real estate. 3 Buildings for sale as one package deal...All three are walking distance from each other for easier management/maintenance. All units are on the bus line, easy to rent and well managed. Updated mechanicals and electrical in all three buildings. Properties will be "SOLD AS IS". All units are fully rented, with a 5% annual automatic rental increase on their leases. Buyers are responsible for their own due diligence. Properties combined have a Net Operating Income of $215,560. The package includes the following properties: 507-513 Park St. (4 -2bedroom units, 1 pizza restaurant, 1 convenience store), 528-546 Park St. (8-2bedroom units, 1 nail salon, 1 convenience store, 1 tax preparation office, 1 phone repair store, 1 barbershop), 1016-1022 Broad St. (6 - 3bedroom units, a church and convenience store). No residential units will be shown during initial showings. An offer accompanied or a letter of intent accompanied by a prequalification or POF will be needed for residential units to be shown as to not disturb buildings residents.
Full Property Details
Full Property Details for 507 Park St
General
- Sold For: $2,150,000
- Taxes: $18,568 (July 2021-June 2022)
- Status: Closed
- Type: Multi-Family
- Source: SMARTMLS
- MLS ID: 170443425
Property History
- 507 Park St, Hartford, CT
- Sold $2,150,000 on 2/28/22
- Listed $2,025,000 on 10/7/21
Parking
- Parking: Off Street Parking, Parking Lot
- Garage Description: Off Street Parking, Parking Lot
Location
- County: Hartford
- Neighborhood: Frog Hollow
- Driving Directions: Per GPS is best
School Information
- Elementary School: Sanchez
- High School: Per Board of Ed
Community
- Community Name: Frog Hollow
Heating & Cooling
- Cooling Type: None
- Heating Type: Gas on Gas, Gas In Street
- Heating Fuel: Gas In Street
- Water Heater: Domestic
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Construction Status: No/Resale
- Exterior Const.: Frame, Brick
- Basement Desc.: Full
- Roof: Flat
- Square Feet: 6,890
- Year Built: 1920
Lot Features
- Lot Size (Acres): 0.17
- Zoning: MS-1
- Lot Description: Level Lot
Financial Considerations
- Assessment Amount: $238,700
- Tax Amount: $18,568
- Tax Year: July 2021-June 2022
Disclosures and Reports
- Property ID: 602859
Get Pre-Approved Today
Schools
Schools serving 507 Park St
School District:Hartford School District
| Name | Grades | Distance |
|---|---|---|
Sanchez School 176 Babcock Street, Hartford, CT 06106 | PK-5 | 0.2 mi |
Burns Latino Studies Academy 195 Putnam Street, Hartford, CT 06106 | PK-8 | 0.4 mi |
Parkville Community School 47 New Park Avenue, Hartford, CT 06106 | PK-5 | 1.2 mi |
McDonough School 111 Hillside Avenue, Hartford, CT 06106 | 6-8 | 0.9 mi |
Hphs Academy Of Engineering And Green Technology 55 Forest Street, Hartford, CT 06105 | 9-12 | 0.9 mi |
Hphs Law And Government Academy 55 Forest Street, Hartford, CT 06105 | 9-12 | 0.9 mi |
Hphs Nursing Academy 55 Forest Street, Hartford, CT 06105 | 9-12 | 0.9 mi |
Kennelly School 180 White Street, Hartford, CT 06114 | PK-8 | 1.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
507 Park Street, Hartford, CT 06106 (MLS# 170443425) is a Multi-Family property that was sold at $2,150,000 on February 28, 2022. This property was listed by Adriana Burgos from our Cheshire Office.Want to learn more about 507 Park Street? Do you have questions about finding other Multi-Family real estate for sale in Hartford? You can browse all Hartford real estate or contact a Coldwell Banker agent to request more information.


