Description
This brick asset consists of 9 units & 1 commercial retail space. The property is located nearby West Hartfords Park Road District, which includes many popular restaurants, spas, and stores. There is a large, $66-million development project in the works at the intersection of Prospect Ave and Park Rd. The propertys location, condition, and occupancy levels offer an investor a superb opportunity to own within Hartford's multifamily market. The 3-story brick building was constructed in 1920, has 9,421 sf with .30 acres. The unit mix consists of: 5: 2-bed/1-bath units; 3: 1-bed/1-bath units; 1: Studio/1-bath unit; 1: Commercial (potential for 4 apartment units). Many units have been remodeled with high quality features. Some kitchens have stainless steel appliances, granite counter tops, decorative back splashes and shaker cabinets. There is a mix of hardwood and modern flooring, attractive lighting and cordless shades. There is also a security camera system and on-site parking. The landlord is responsible for heat, water, sewer and common area electric. The tenants pay electric and the electric has been updated to circuit breakers and there are subpanels for each unit. The building also has newer windows. There is additional value-add opportunity by having the first floor commercial space converted to 4 apartment units. This asset can be purchased individually or as part of the 505 Unit "Historic West End Portfolio.
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9BEDS
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0.3ACRES
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5BATHS
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01/2 BATHS
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9,421SQFT
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$96$/SQFT
Description
This brick asset consists of 9 units & 1 commercial retail space. The property is located nearby West Hartfords Park Road District, which includes many popular restaurants, spas, and stores. There is a large, $66-million development project in the works at the intersection of Prospect Ave and Park Rd. The propertys location, condition, and occupancy levels offer an investor a superb opportunity to own within Hartford's multifamily market. The 3-story brick building was constructed in 1920, has 9,421 sf with .30 acres. The unit mix consists of: 5: 2-bed/1-bath units; 3: 1-bed/1-bath units; 1: Studio/1-bath unit; 1: Commercial (potential for 4 apartment units). Many units have been remodeled with high quality features. Some kitchens have stainless steel appliances, granite counter tops, decorative back splashes and shaker cabinets. There is a mix of hardwood and modern flooring, attractive lighting and cordless shades. There is also a security camera system and on-site parking. The landlord is responsible for heat, water, sewer and common area electric. The tenants pay electric and the electric has been updated to circuit breakers and there are subpanels for each unit. The building also has newer windows. There is additional value-add opportunity by having the first floor commercial space converted to 4 apartment units. This asset can be purchased individually or as part of the 505 Unit "Historic West End Portfolio.
© 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: 2021-04-13T15:10:09.583.