Rental Condo in West End Hartford, CT -Turn Key - Buy and Collect

[Roman M.]

I have a couple of condo studios for sale in West End Hartford.

40 Owen St, Hartford, CT 06105. Very good condo building. Mostly owner occupied.  Location is walking distance to UCONN law school and near Hartford Uni. A lot of my past tenants attend UCONN. 

Here are the numbers:

Rent $700 (I have had them rented for as high as $750).  Tenants have leases through the end of July, beginning of August which is the best time to re-rent them due to school season.

Condo Maint $191 (includes heat and hot water, plus all the regular stuff)

Real Estate Taxes: $100 per month.

Net Income: $409 per month.

I am asking $63,000 for the studio.

I have two of these units in the same building.

I am an absentee landlord and I never had problems re-renting them through craigslist.  The last one got rented on the first showing.

PS.

There is a possibility of taking over payments on existing mortgage but I am not sure how practical that is.

[Jacqueline Carrington]

What are the payments on mortgage and remaining balance?