518 Allen St, New Britain, CT 06053

Multiple Family / 4 Bedroom(s) / 1.5 Bath(s)

Property Status: Available (Wholesale) |  For Sale: $125,000.00


Property Photos


Assignable Contract for 518 and 524 Allen Street in New Britain, CT


Property Status:
This Property is currently...
  • Status: Available (Wholesale)
  • For Sale: $125,000.00
Property Details:
Multiple Family / 4 BR / 1.5 BA
Property Style:
2-Story
Year Built:
1935
Finished Sq Ft:
1,281
Garage:
2 Car Detached
Basement:
Partial Basement
Owner / Agent:
Wholesale
Property Features:
Patio
Porch
Contact Info
Mum City Homes, LLC
(860) 579-1421

View on Individual's Website
Property Description:

ARV: $225,000
Rental ARV: $1,500/month
Access via Open House Only
Closing by: 12/4/2021
Price: $125,000 CASH ONLY DEAL

PLEASE DO NOT DISTURB THE TENENTS!

Property will be VACANT by closing.

Highest & Best Offers due by Monday, November 8, 2021 at 4:00pm
$5,000 non-refundable EMD (earnest money deposit)
Proof of Funds are required at time of deposit.

 


OPEN HOUSE

Saturday, November 6, 2021
10:15 am to 11:15 am

RSVP by Calling Steve at 860-579-1421

 

OPPORTUNITIES, OPPORTUNITIES, OPPORTUNITIES!!! Take your pick at what opportunity awaits you for this cash cow in New Britain. This house is a legal 2 family but has been used as a single family for years. Turn this into a single family to fix & flip or to buy & hold. The adjacent .17 acre vacant lot (524 Allen St.) comes as a package deal in this assignment. Both 518 & 524 lots equal .31 acres. You can either keep the vacant lot as-is, build another home, or sell it. There’s so much potential her so DO NOT pass this up.

Comps:

518 Allen Street

  1. 22 Recano Rd, New Britain, CT – SOLD for $202,000 on 9/7/2021
  2. 111 Hatch St, New Britain, CT – SOLD for $188,000 on 10/18/2021
  3. 1456 Stanley St, New Britain, CT – SOLD for $199,000 on 10/26/2021

524 Allen Street (empty lot):

  1. 14 Ledyard Rd, New Britain, CT – SOLD for $40,000 on 10/22/2021 (exact same size lot 7,405 sqft)
  2. 92 Vine St, New Britain, CT – SOLD for 45,000 on 7/2/2021
  3. 300 Mcclintock St, New Britain, CT – SOLD for $43,500 on 6/23/2021

 

Disclaimer:

House is being sold as-is, and buyer is to pay all closing costs. No representations written or oral are made concerning the properties above. Price based on a cash or hard money offer and is net to seller. All offers on properties require a non-refundable earnest deposit and have an average 7 to 10 days to close of escrow. Buyers to do their own independent due diligence. Mum City Homes LLC members make no guarantees concerning property condition, value, characteristics or financial benefits. Equal Opportunity Housing.



Legal Disclaimer:
This is a Wholesale Deal. The investor is not selling the property for the seller. The investor has the right to market the property, list the property on the MLS (Multiple Listing Service) and advertise the property on any online or offline marketing source as investor choses in order to find a prospective buyer to assign this contract to for an assignment fee.

CT Real Estate Investors Association is not responsible for the properties or the information listed here. Each Property is independently owned.  Click on the link above to contact the Property Owner about this property.

Contact Us

CT Real Estate Investors Association

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Wethersfield, CT 06109
(860) 265-4414

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