179 Hart Street New Britain Home

This 3-family sold for 99% of the asking price, closing on July 22, 2010. Positive Cash Flow! Excellent location for this 3-family makes for good occupancy! Walk to Walnut Hill Park, shopping & hospital, with Vance Elementary School nearby. Updates include many newer windows, newer roof & hot water heaters plus 4 new electrical panels (3 units plus owner's panel). Tenants pay all utilities (landlord pays for cold water). For heating systems, there is gas warm air on the first floor, gas-on-gas oven/range on second and electric baseboard in the smaller 3rd floor unit. Rents are $750, $750 and $600 with the lower floors under 1-year leases and the attic apartment rented on a month-to-month basis. There is a large, level backyard with a 2-car garage. Front and back porches add to the recreation space for tenants.

Note that Walnut Hill Park offers an extensive playground, walking loop, tennis courts and a band shell for summer concerts. In this neighborhood, rentals of 2-bedroom units can be as high as $950 per unit.