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14% ROI & Condo Status | S End Location 100 Preston St 6 Unit Apartment Building $775,000 ($129,167/Unit) 9.82% Cap Rate Hartford, CT 06114
Investment Highlights
- 14% ROI | 9.8% CAP Return
- Condo Status = Lower Taxes
- Off Street Parking + Curb Appeal
- South End Location
- Separate & Tenant Paid Utilities
- Can be Purchased as Part of a Larger Portfolio
Executive Summary
14% ROI! Amazing investment opportunity in the heart of the south end neighborhood. This condo status, brick building offers a turn key asset with cash flow from the start. There is a total of (6) 2 bed, 1 bath apartments with stable tenant base and historically low vacancy. Units are renovated with hardwood floors throughout, renovated kitchens w/ceramic tile, updated cabinets, counters & appliances and renovated baths w/tile surround, tubs, new vanities & toilets. All the utilities are separate & tenant paid - gas heat, HW and cooking. The electric is also separate & tenant paid. Condo status offers consistently lower taxes. Off-street parking in back plus a desirable location for tenants with easy access to Downtown, Hartford Hospital, the highway, public transportation + tons of shops and restaurants. This property can also be purchased with the following: 18 S Whitney (6 units), 160 Lawrence St (6 units), 45 School St (6 units + 6 garages) and 143 Putnam St (6 units).
Property Facts
| Price | $775,000 | Apartment Style | Low-Rise |
| Price Per Unit | $129,167 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.15 AC |
| Cap Rate | 9.82% | Building Size | 7,485 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1910/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.8/1,000 SF |
| Zoning | R3 | ||
| Price | $775,000 |
| Price Per Unit | $129,167 |
| Sale Type | Investment |
| Cap Rate | 9.82% |
| Sale Condition | Bulk/Portfolio Sale |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 7,485 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1910/2023 |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | R3 |
Amenities
Unit Amenities
- Cable Ready
- Eat-in Kitchen
- Hardwood Floors
- Refrigerator
- Range
- Porch
Site Amenities
- Laundry Facilities
- Trash Pickup - Curbside
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | $1,500 | 850 |
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Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Numbers | Improvements Assessment | $166,920 | |
| Land Assessment | $0 | Total Assessment | $166,920 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$166,920
Total Assessment
$166,920
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14% ROI & Condo Status | S End Location | 100 Preston St
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