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1700 Farmington Avenue

Farmington, CT 06085
  • $609,000
  • STATUS: Active Under Contract
  • MLS #: 170482621
Under Contract
UPDATED: 29 min ago
$609,000
  • 6
    BEDS
  • 0.55
    ACRES
  • 4
    BATHS
  • 2
    1/2 BATHS
  • 3,432
    SQFT
  • $177
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1880
County:
Area:

School Information

Elementary School:
High School:

Description

Excellent investment, 8.4 cap rate with current under market value rents, 9.5 cap with market value rents. 1700 Farmington Ave was originally a two unit house that had a large addition put on in the 1980s that expanded the property to four legal units. The two newer units are townhouse style with two bedrooms and one and a half baths each. These are high quality high end units with separate water meters, tenants pay their own utilities including their own water in both of those units. The other two apartments are one bedroom one bath and share one owner paid hot water boiler. This property has had a ton of recent improvements, including the gut renovations of both townhouse style units. Some of the other improvements include new roof, new windows, new doors, new siding, general carpentry, new sidewalks, new appliances, new chimney vent inserts, new boilers in the townhouses and new burner on other boiler, basement and chimney repointed, new ductless air conditioning, new gutters and new drainage system, all new updated electric, new outdoor LED lighting, two new sewer lines connected to street. Rents are currently far below market (easily raised by additional $500-$600 per month).

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The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-05-20T19:10:13.597.
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1700 Farmington Avenue Farmington, CT 06085

  • Price: $609,000
  • Status: Active Under Contract
  • On Site: Days
  • Updated: 29 min ago
  • MLS #: 170482621
6
Beds
4
Baths
2
½ Baths
0.55
Acres
3,432
SQFT
$177
$/SQFT
1880
Built
Neighborhood:
Unionville
County:
Hartford
Area:
Farmington
Elementary School:
Union
High School:
Farmington
Property Description
Excellent investment, 8.4 cap rate with current under market value rents, 9.5 cap with market value rents. 1700 Farmington Ave was originally a two unit house that had a large addition put on in the 1980s that expanded the property to four legal units. The two newer units are townhouse style with two bedrooms and one and a half baths each. These are high quality high end units with separate water meters, tenants pay their own utilities including their own water in both of those units. The other two apartments are one bedroom one bath and share one owner paid hot water boiler. This property has had a ton of recent improvements, including the gut renovations of both townhouse style units. Some of the other improvements include new roof, new windows, new doors, new siding, general carpentry, new sidewalks, new appliances, new chimney vent inserts, new boilers in the townhouses and new burner on other boiler, basement and chimney repointed, new ductless air conditioning, new gutters and new drainage system, all new updated electric, new outdoor LED lighting, two new sewer lines connected to street. Rents are currently far below market (easily raised by additional $500-$600 per month).
Exterior Features

Color Blue/Grey Construction Description FrameConcrete Driveway Type Asphalt Exterior Features Patio Exterior Siding Vinyl Siding Foundation Type ConcreteStone Lot Description Level Lot Roof Information Asphalt Shingle Style Units Are Side-By-Side Waterfront Description Not Applicable

Interior Features

Attic Description Access Via Hatch Attic Yn Yes Basement Description Full With HatchwayConcrete FloorInterior AccessStorageSump Pump Cooling System Central AirWall Unit Fireplaces Total 0 Heat Type BaseboardHot Water Hot Water Description Domestic30 Gallon Tank

Property Features

Association Amenities None Bank Owned Property Yn No Direct Waterfront Yn No Energy Features Thermopane Windows Estimated Annual Heat Cost 1800 Exclusions Tenant Possessions Flood Zone Yn No Fuel Tank Location In Basement Garage Parking Info PavedOff Street Parking Heat Fuel Type Oil Home Warranty Offered Yn No Laundry Room Info Basement Hook-Up(S) Nearby Amenities Basketball CourtCommuter BusGolf CourseHealth ClubLakeLibraryMedical FacilitiesPark New Construction Type No/Resale Possession Availability Negotiable Potential Short Sale Yn No Property Sub Type 4 Family Property Tax 6530 Radon Mitigation Air Ynu No Radon Mitigation Water Ynu No Sewage System Public Sewer Connected Sewer Usage Fee Annual 1284 Sign Yn No Swimming Pool Yn No Water Source Public Water Connected Zoning R9

Listing information © 2022 Smart MLS
Listing provided courtesy of Jason Saphire of Www.Homezu.Com.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Data last updated: 2022-05-20T19:10:13.597.
 
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