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118 New Park Avenue

$325,000 118 New Park Avenue, Hartford, Connecticut 06106
Mixed use building with incredible income opportunity walking distance to the Parkville Market and the Design District!! Could potentially bring in $7,050/month in income when fully rented! Building has been totally renovated. First floor has laminate floors and new bathroom in 2015. Basement and 1st floor is available for storage space for $1,000/month. First floor space is intentionally kept empty and available for next buyer, or a lease can be signed for $3,000/month lease. 2nd floor has bamboo floors and 3 office suites, completely remodeled in 2015, currently rented at $650, $550, and an empty and available space with $650 potential income, totaling $1,800 for the 2nd floor. The 3rd floor is a residential 3 bedroom apartment rented currently rented for $1,200/month totally renovated with maple kitchen, granite countertops, bamboo floors, everything totally remodeled in 2015! Potential rent totals $7,050 per month! Great for event planner to have storage, insurance company on the 1st floor, small business on the 2nd floor. Insurance is $5000 a year, taxes are $11,00 a year and the light and gas is between $750-$1000 per month (for first and second floor). The water bill is $40-60 per month.
  • Sold
    Status
  • 1920
    Year Built
  • 10,334 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: Sold
  • Living Space: 10,334 Sq.Ft.
  • Lot Size: 0.14 Acres
  • MLS ID: 170419751
  • Type: MULTI_FAMILY
  • Year Built: 1920
  • Architecture Styles: Units on different Floors

Exterior & Building

  • Water Source: Public Water Connected
  • Roof: Flat
  • Lot Features: N/A
  • Parking: Attached Garage
  • Heat Type: Hot Air
  • Air Conditioning: Central Air
  • Substructure: Frame

Financial

  • Sales Price: $325,000
  • Zoning: NX-2

118 New Park Avenue

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