Description
The propertys location, condition and occupancy levels offer an investor a superb opportunity to own within Hartford's multifamily market. Rents increased 23% Year over Year since March 2020, when majority ownership took over Property Management The three-story brick building was constructed in 1920 and totals 16,239square feet. The unit mix consists of 11, 2 bedroom/2 bathroom units and 6, 2 bedroom/1 bathroom. The tenants are responsible for their heat, air conditioning, hot water and electric. The electric has been updated to circuit breakers and there are subpanels for each unit. The building has newer windows. The Landlord is responsible for water, sewer and common area electric. The units each have a brick accent wall and many of the units have upgraded kitchens and flooring. All units have Air Conditioning and Washer and Dryer hook-ups; rare finds in the Hartford market! There is modern flooring, attractive lighting and cordless shades. Three units feature a duplex floorplan. All units are electric and there is on-site parking. Pride of ownership is evident as the landlord enhances the value of the asset through high quality upgrades at the time of a vacancy. This asset can be purchased individually or as part of the 505 Unit "Historic West End.
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12BEDS
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0.44ACRES
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8BATHS
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01/2 BATHS
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16,239SQFT
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$84$/SQFT
School Information
Description
The propertys location, condition and occupancy levels offer an investor a superb opportunity to own within Hartford's multifamily market. Rents increased 23% Year over Year since March 2020, when majority ownership took over Property Management The three-story brick building was constructed in 1920 and totals 16,239square feet. The unit mix consists of 11, 2 bedroom/2 bathroom units and 6, 2 bedroom/1 bathroom. The tenants are responsible for their heat, air conditioning, hot water and electric. The electric has been updated to circuit breakers and there are subpanels for each unit. The building has newer windows. The Landlord is responsible for water, sewer and common area electric. The units each have a brick accent wall and many of the units have upgraded kitchens and flooring. All units have Air Conditioning and Washer and Dryer hook-ups; rare finds in the Hartford market! There is modern flooring, attractive lighting and cordless shades. Three units feature a duplex floorplan. All units are electric and there is on-site parking. Pride of ownership is evident as the landlord enhances the value of the asset through high quality upgrades at the time of a vacancy. This asset can be purchased individually or as part of the 505 Unit "Historic West End.
© 2021 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone with William Raveis Real Estate. Data last updated: 2021-04-20T16:10:12.193.