31-33 Capen Street, Hartford

This 6-unit brick apartment building is a great investment opportunity in Hartford’s Clay Arsenal neighborhood. Each unit is spacious with five rooms- a kitchen, living room/dining room, two bedrooms, bonus room, and full bathroom. All of the windows have been replaced. The property has public water and sewer, as well as natural gas. The interior of the property will need significant rehab and a trash out, as it was previously vandalized. All utilities are turned

Interest in Landlording

Landlords are required to follow rules while handling the money of their tenants. One of them relates to the security deposits that they collect when someone first moves in. Tenants are supposed to earn interest on their deposits at a rate defined by the state. For many years (since 2002) the state held the required security deposit interest rate at 1.5%. This page on the CT Department of Banking site shows the historical interest rates