78 Burnside Ave East Hartford, CT 06108

Listing agency Century 21 Allpoints Realty Southington l***@lisacozziteam.com Show Phone

Listed by Lisa Cozzi · License #CT REB.0789668

Source Crexi

Added: Apr 11 Updated: Jul 21 at 2:29AM Checked: Jul 21 at 5:46AM

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Investment Insights

Based on property information with market context.

This offering combines an 8-unit rooming house with two first-floor commercial storefront spaces. One storefront is occupied by a long-established barber shop, and the second commercial space is available for lease to generate additional income. The property also includes a traditional 4-family component, with two units ready to rent following minor cosmetic upgrades and two additional units needing to be outfitted. Off-street parking is available for up to eight cars.

Located on Burnside Ave in East Hartford, the buildings benefit from a high traffic count along the corridor.

The in-place CAP rate is stated at 7.5%, with an ARV CAP rate of approximately 11% once the assets are brought to their fullest potential through remodeling and updating.

Key Highlights

• 8‑unit rooming house with two first‑floor commercial storefronts on Burnside Ave with high traffic count
• Off‑street parking for eight cars
• In‑place CAP rate of 7.5%

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FAQs

What type of property is this?

Apartment building - 8-unit rooming house includes two first-floor commercial storefronts and off-street parking for eight cars.

Where is this apartment building located?

The property is located at 78 Burnside Ave East Hartford, CT.

What are key features of this property?

This property features: 8‑unit rooming house with two first‑floor commercial storefronts on Burnside Ave with high traffic count; Off‑street parking for eight cars; In‑place CAP rate of 7.5%