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HIGHEST AND BEST DUE BY WEDNESDAY 6/24 AT 5PM! Rare opportunity to own a well-maintained, turnkey multifamily investment in one of West Hartford's most sought-after locations. Perfect for investors seeking a 1031 exchange opportunity or owner-occupants looking to offset living expenses with strong rental income, this fully occupied property offers immediate cash flow and long-term upside. Situated on a quiet, desirable residential street just minutes from vibrant Blue Back Square, West Hartford Center, shopping, dining, entertainment, and major commuter routes, the location continues to benefit from strong rental demand and ongoing area growth. The property features three spacious units. The first and second-floor apartments each offer two bedrooms, one full bathroom, generous living and dining rooms, functional kitchens, and charming private balconies. The third-floor unit includes one bedroom, one full bathroom, a comfortable living room, and kitchen, providing an attractive rental option for tenants. Additional highlights include a large basement with ample storage space and coin-operated laundry serving all units, creating an additional income stream and added convenience for residents. Major improvements include newer roof, siding, and mechanical systems, offering peace of mind for years to come. With stable occupancy, immediate income, value-add potential, and an unbeatable West Hartford location, this is a rare investment opportunity not to be missed!
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
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$850,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 970.390.2521
John.Kirkutis@raveis.com
NMLS Mortgage Loan Originator ID 1424716
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.223% | 6.058% |
| Monthly Tax Payment | $1,289 | $1,289 | $1,289 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,808 | $4,132 | $5,692 |
| Total Monthly Payment | $5,189 | $5,513 | $7,073 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.