551 Albany Avenue, Clay ArsenalHartford, CT 06112MLS Number 170145541

  • Price: $459,000
  • Est. Mortgage of $/month
$/month over payments
Federal 30-year interest rate: 4.07% last updated on May 16, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.21Acreage
  • 1930Year Built
  • 9,993Square Feet

Mixed-use investment opportunity with great potential cash flow! This 8 Apartment unit comprised of one and two bedrooms situated over four street level retail stores and one commercial space located in the rear of the property. The apartment units will need some upgrading/rehab. 3 out of the 4 retail store units are currently leased with strong cash flow. There is one central gas boiler approx. 6 years old, electrical has been updated and the roof is in adequate condition. The apartment tenants pay for their own electric and cable and landlord pay heat and hot water. Retail/commercial the landlord pays heat only. Conveniently located near bus line, shopping, restaurants all within walking distance. Seller request ALL interested parties must do drive-by prior to show request.

Listed by John J Vercelli of Elite Realty Group LLC

Driving Directions

Vernon Office
Vernon Office
Office: 860-871-2775
646 Hartford Turnpike
Vernon, CT 06066

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More Info

Basic Information

  • StatusACT
  • List Price$459,000
  • Square Feet9,993
  • HoaNo
  • Lease purchaseNo
  • Units8
  • Property subtype5 Family+
  • Property TypeMulti-Family For Sale
  • Acreage0.21
  • MLS Number170145541


  • RoofFlat


  • Exterior sidingBrick

Water Body

  • Waterfront DescriptionNot Applicable
  • WaterfrontNo


  • Space is leasedNo
  • View Count11

Tax Information

  • Milrate base74
  • Milrate total74.29
  • Taxes$18,435
  • Tax YearJuly 2018-June 2019
  • Assessed value$248,150


  • Year Built1930
  • FoundationBlock, Concrete
  • Garage Parking InfoOn Street Parking, Off Street Parking, Other
  • New construction typeNo
  • AtticNo
  • BasementFull, Unfinished, None


  • Water sourcePublic Water Connected
  • Cooling SystemNone
  • Hot water descriptionNatural Gas, Other
  • Heating FuelNatural Gas
  • Fuel tank locationNon Applicable
  • Heat SystemGas on Gas
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolPer Board of Ed


  • StateCT
  • Zip06112
  • CountyHartford
  • NeighborhoodClay Arsenal


  • Lot DescriptionLevel Lot
  • Driveway TypePrivate, Shared
  • Garage
  • Parking spaces per 1000sqft
  • Parking spaces uncovered
  • Parking Spaces
  • Parking spaces covered
  • FloodzoneNo
  • SwimmingpoolNo
  • Building ConstructionFrame


  • Bank owned propertyNo

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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