294 Tolland Street

East Hartford, CT 06108

$390,000
Last Sold Price
8
Beds
5
Baths
2,994 Sq. Ft.
$130 / Sq. Ft.
2,994
Sq. Ft.
$130
per Sq. Ft.

Description

Excellent investment property, three story solid building, with updated kitchens and baths, cap rate nearly 9% with rents below market value with room for exponetially increase profit, lots of parking spaces, aluminum sidding, and tenants up to date on rent, don`t miss this one is something that is not out there every day.Excellent investment property, three story solid building, with updated kitchens and baths, cap rate nearly 9% with rents below market value with room for exponetially increase profit, lots of parking spaces, aluminum sidding, and tenants up to date on rent, don`t miss this one is something that is not out there every day.
  1. Listed by Wallace Freitas • RE/MAX Precision Realty
    P: (860) 553-4560 C: (860) 5534560 wallace@ctremax.com

Property Details for 294 Tolland Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Garages Number
0
Neighborhood
Burnside
Style
Units on different Floors
Garage Parking Info
Paved, Unassigned Parking, Off Street Parking
Swimming Pool
No

Location

Listing Courtesy of RE/MAX Precision Realty, Wallace Freitas

Sold By RE/MAX Precision Realty, Wallace Freitas

Add your commute
LISTING UPDATED: 02/08/2022 08:33 PM

Property Details for 294 Tolland Street

StatusClosed
MLS #170427547
Days on Market162
Taxes$7,516 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1910
Lot Size0.22 AC / 9,583 SF
CountyHartford County

Location

Listing Courtesy of RE/MAX Precision Realty, Wallace Freitas

Sold By RE/MAX Precision Realty, Wallace Freitas

Add your commute

Building Information for 294 Tolland Street

Stories-Residences5Year Built1910Building Size-Lot Size0.22 AC / 9,583 SF

Payment Calculator

$2,755 per month

30 year fixed, 7.25% Interest

Principal and Interest

$2,128

Property Taxes

$626

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 294 Tolland Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Burnside Ave to Tolland St
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.77982
  • Longitude: -72.62158
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2021-June 2022
  • Property Tax: $7,516
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Access Via Hatch
  • Cooling System: Window Unit
  • Heat Type: Radiator
  • Attic YN: Yes
  • Rooms Total: 14
Property
Property and Assessments
  • Construction Description: Frame
  • Driveway Type: Private
  • Exterior Siding: Aluminum
  • Foundation Type: Concrete
  • Fuel Tank Location: Non Applicable
  • Gross SQFT Per Public Records: 4794
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1910
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 2994
Lot Information
  • Lot Description: Level Lot
  • Parcel Number: 2287365
  • Sq Ft Est Heated Above Grade: 2994.0
  • Sq Ft Total: 2994.0
  • Zoning: I-3
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: 50 Gallon Tank
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 19486
  • Gross Annual Income: 54600
  • Net Operating Income: $35,114
  • Occupied By: Tenant
  • Total Number of Units: 5
  • Total Rooms Multi Family: 14
Building Details
  • Unit Count: 5
Unit 1
  • Lease Expires: 12-01-2021
  • Listing Key: DD7381548C7664B8E053D501100A4D64
  • Unit Appliances: Gas Range,Range Hood,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 08-09-2021
  • Unit Monthly Rent: $950
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 05-16-2022
  • Listing Key: DD7381548C7664B8E053D501100A4D64
  • Unit Appliances: Gas Range,Range Hood,Refrigerator
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 08-09-2021
  • Unit Monthly Rent: $850
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Lease Expires: 12-31-2021
  • Listing Key: DD7381548C7664B8E053D501100A4D64
  • Unit Appliances: Gas Range,Range Hood,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 08-09-2021
  • Unit Monthly Rent: $900
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Lease Expires: 12-31-2021
  • Listing Key: DD7381548C7664B8E053D501100A4D64
  • Unit Appliances: Gas Range,Range Hood,Refrigerator
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 08-09-2021
  • Unit Monthly Rent: $1,000
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Monthly
  • Listing Key: DD7381548C7664B8E053D501100A4D64
  • Unit Appliances: Gas Range,Range Hood,Refrigerator
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 08-09-2021
  • Unit Monthly Rent: $850
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2

Property History for 294 Tolland Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 294 Tolland Street

Taxable ValueLand$45,120Additions$155,830Total$200,950
Tax Record2023$8,548 ($712 / month)
Home Facts
Baths5Total Finished SqFt2,994 SqFtAbove Grade Finished SqFt2,994 SqFtStories3Lot Size9,583 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningI-3CountyHARTFORDAPNEHAR M:36 L:31

Schools near 294 Tolland Street

This home is within East Hartford School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 1 to 12
Rating
School
Distance
Robert J. O'brien School
PublicK to 5

East Hartford Middle School
Public6 to 8

East Hartford High School
Public9 to 12

Woodland School
Public1 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of RE/MAX Precision Realty, Wallace Freitas

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.