Skip To Content

41 Olive Street

New Britain, CT 06051
  • $319,900
  • STATUS: Active
  • ON SITE: 80 Days
  • MLS #: 170423707
UPDATED: 142 min ago
$319,900
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,642
    SQFT
  • $57
    $/SQFT
Type:
Commercial
Built:
1900
County:
Area:

School Ratings & Info

Description

A perfect investment opportunity for the creative investor is here! This property features a fully rented 3- family residence with 2964 sqft of living space currently generating $36,924 gross income per year. The building has newer vinyl siding, a new roof, stainless steel appliances, luxury vinyl plank flooring, updated kitchens, updated bathrooms, and an interior color palette to meet todays desirable standards. All 3 units have split utilities with gas baseboards heat and gas water heaters. The basement offers plenty of storage space and houses all the mechanicals including two boilers and one water heater which have been recently replaced.In the rear of the property you will find the additional vacant building which totals 2948 sqft and is ready for your vision. A loading dock with an overhead door along with two additional standard size doors provide entry to this vast building. Cathedral ceilings, an open layout, and a roughed in bathroom make the possibilities here endless. TOD-EM-2 Zoning provides the possibility for use as additional residential units, home professional offices, a barber shop, beauty parlor, and more. In the basement you will find an additional 1523 sqft of space which is perfect for storage and other possible uses. With interest rates still low, this can be the perfect long term investment opportunity so dont let this one slip away!

Monthly Payment Calculator



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 2021 SmartMLS, Inc. Data last updated: 2021-10-17T00:09:43.287.
www.frankschiavone.com/homes/119815400
Print Image

41 Olive Street New Britain, CT 06051

  • Price: $319,900
  • Status: Active
  • Updated: 142 min ago
  • MLS #: 170423707
0
Beds
0
Baths
0
½ Baths
0.19
Acres
5,642
SQFT
$57
$/SQFT
1900
Built
County:
Hartford
Area:
New Britain
Property Description
A perfect investment opportunity for the creative investor is here! This property features a fully rented 3- family residence with 2964 sqft of living space currently generating $36,924 gross income per year. The building has newer vinyl siding, a new roof, stainless steel appliances, luxury vinyl plank flooring, updated kitchens, updated bathrooms, and an interior color palette to meet todays desirable standards. All 3 units have split utilities with gas baseboards heat and gas water heaters. The basement offers plenty of storage space and houses all the mechanicals including two boilers and one water heater which have been recently replaced.In the rear of the property you will find the additional vacant building which totals 2948 sqft and is ready for your vision. A loading dock with an overhead door along with two additional standard size doors provide entry to this vast building. Cathedral ceilings, an open layout, and a roughed in bathroom make the possibilities here endless. TOD-EM-2 Zoning provides the possibility for use as additional residential units, home professional offices, a barber shop, beauty parlor, and more. In the basement you will find an additional 1523 sqft of space which is perfect for storage and other possible uses. With interest rates still low, this can be the perfect long term investment opportunity so dont let this one slip away!
Exterior Features

Construction Description Frame Exterior Features Storage Building Foundation Type Brick Lot Description Sloping Lot Parking Total Spaces 0 Road Frontage Description Municipal StreetPaved Road Roof Information Asphalt ShingleFlat

Interior Features

Cooling System None Heat Type Baseboard Interior Features Loading - Grade

Property Features

Bank Owned Property Yn No Commercial Category IndustrialInvestmentResidential IncomeOther Documents Available Other Garage Parking Info PavedDriveway Heat Fuel Type Natural Gas Location Urban Possession Availability Negotiable Potential Short Sale Yn No Potential Use See Mls Attachments Present Use Residential Multi- Family Property Tax 6771 Sewage System Public Sewer Connected Sign Yn No Subdividable Ynu Unknown Utilities Available ElectricGas Available Water Source Public Water Connected Zoning Tod-Em-2

Listing information © 2021 Smart MLS
Listing provided courtesy of Maximillian Mikunda of Agnelli Real Estate.


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 2021 SmartMLS, Inc. Data last updated: 2021-10-17T00:09:43.287.
 
https://bt-photos.global.ssl.fastly.net/ctmls/orig_boomver_1_170423707-2.jpg https://bt-photos.global.ssl.fastly.net/ctmls/orig_boomver_1_170423707-2.jpg https://bt-photos.global.ssl.fastly.net/ctmls/orig_boomver_1_170423707-2.jpg
Logo
Frank Schiavone with Douglas Elliman
75 Arch Street
Greenwich CT, 06830