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169 Hillside Ave 6 Unit Apartment Building $550,000 ($91,667/Unit) 8.65% Cap Rate Hartford, CT 06106
INVESTMENT HIGHLIGHTS
- 100% Occupied
- Turn Key
EXECUTIVE SUMMARY
Excellent opportunity to acquire a turnkey 6-unit brick building in Hartford's vibrant South End neighborhood. This 4,050 SF, 3-story property includes several updated units, all offering 1 bedroom and 1 bathroom. The heat and hot water are owner paid, while electricity is separately metered and tenant-paid. There are 5 garages at the rear of the property, providing off-street parking. Conveniently located just 0.7 miles from Hartford Hospital with easy access to public transportation and I-84.
PROPERTY FACTS
| Price | $550,000 | Lot Size | 0.17 AC |
| Price Per Unit | $91,667 | Building Size | 4,050 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 8.65% | No. Stories | 3 |
| No. Units | 6 | Year Built | 1920 |
| Property Type | Multifamily | Parking Ratio | 1.97/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | NX-2 | ||
| Price | $550,000 |
| Price Per Unit | $91,667 |
| Sale Type | Investment |
| Cap Rate | 8.65% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,050 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1920 |
| Parking Ratio | 1.97/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | NX-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | HTFD-000184-000509-000008 | Improvements Assessment | $189,280 |
| Land Assessment | $39,480 | Total Assessment | $228,760 |
PROPERTY TAXES
Parcel Number
HTFD-000184-000509-000008
Land Assessment
$39,480
Improvements Assessment
$189,280
Total Assessment
$228,760
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169 Hillside Ave
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