USACTWest HartfordElmwood521 Prospect Ave

521 Prospect Ave, West Hartford, CT

Name: 521 Prospect Ave, Leased in West Hartford - eXp Realty
Brand: John Lomonte R. E. Appr.
SKU: 170488571
Price: 849900 USD

Real Estate

Leased

Listed price in listed location currency (USD).

$690,000

$849,900

0010

MLS® 170488571

Key Facts
Description
Map

Key Facts

Type Other

Levels Commercial Lease

Size -

Garage Yes

Date Available

Approx. Age 1880

MLS® Number 170488571

Property Address: 521 Prospect Ave, West Hartford, CT, 06105-2921

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to #521 Prospect Avenue aka ''Fernwood West'' a well established state licensed ''Residential Care Home'' facility located in beautiful West Hartford on a huge and flat (0.66) acre lot. Originally built in (1880) and having since been refurbished / modernized including the mechanical systems. This is a lovely property with great curb appeal and an excellent location, especially for a highly successful (RCH) ''Residential Care Home''. The property consists of (16) rooms, (11) bedrooms & (4.0) full baths, complete with a commercial kitchen, walk-up attic and a full / ''Very'' clean and tidy useable basement. This family owned property and business serves (18) residents daily and exhibits the (4) decades of family owned pride that went into the business and property every year. The delightful owners wish to finally retire and handover ''Fernwood West'' this wonderful business and gorgeous property to the new ownership who will carry on the tradition of serving the ever increasing senior population for which these essential service, location and property are in such high demand. Please note this business and property has (2) additional operations of the same ''Residential Care Home'' business and they are also both available. Those properties are: #27-29 Girard Ave (MLS# 170488575) #38 Girard Ave (MLS#170488574). PLEASE CLICK ARROW BELOW FOR ADDITIONAL FINANCIALS AND GROSS YEARLY INCOME DATA., RESIDENTIAL CARE HOME AKA ''FERNWOOD MANOR WEST'' CURRENT GUARANTEED INCOME PAID BY STATE OF CT DEPT OF ''DSS'' AT ($2, 760.92) PER MONTH / PER RESIDENT WITH A FULL OCCUPANCY OF (18) RESIDENTS, THIS PROPERTY WILL PRODUCE TOTAL GROSS INCOME OF ($614, 911) YEARLY. CURRENT RENTAL RATE OF ($90.77) DAILY PER RESIDENT IS ADJUSTED YEARLY EVERY JULY 1ST, TO ACCOUNT FOR COST OF LIVING INCREASES AND OPERATING EXPENSES. PRICING IS INCLUSIVE OF LONG TERM RESIDENTIAL CARE HOME ''RCH'' AS LICENSED BY STATE OF CT DEPT OF HEALTH. PLEASE SEE ATTACHEMENTS TAB FOR ADDITIONAL FINANCIAL INFORMATION.

MLS® Number170488571

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1880

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Similar Listings

Price History

Dec 31, 2023End Date

$690,000Sold Price

Leased

May 4, 2022List Date

$849,900List Price

Commute

Commute

Starting Address

Destination Address

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