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Investment Highlights
- 18 Sherman Street is a 21 unit property nestled in Hartford's coveted West End, one of the city's most desirable residential neighborhoods
- An incoming investor inherits a turnkey asset positioned for low turnover and capital expenses - currently 90% occupancy and consistent collections
- Proximity to UConn Law, Elizabeth Park, the University of Hartford, and the Farmington Avenue corridor, the West End attracts a stable, quality renter
Executive Summary
18 Sherman Street is a 21 unit property nestled in Hartford's coveted West End, one of the city's most desirable residential neighborhoods. Known for tree-lined streets, historic architecture, and proximity to UConn Law, Elizabeth Park, the University of Hartford, and the Farmington Avenue corridor, the West End attracts a stable, quality renter base. The walkability and easy access to downtown and I-84 make it a location tenants seek out and stay in - the foundation of the building's strong occupancy and dependable collections. Ten units have been fully remodeled with durable, move-in-ready finishes: new LVT and porcelain tile flooring, quartz countertops, shaker cabinetry, stainless steel appliances, new lighting, open kitchen-to-living layouts, updated baths, in-unit air conditioning, and newer windows. Building systems are equally strong, anchored by a modern Lochinvar gas heating system (former oil tanks retired) and two on-site washer/dryer sets. Additional upgrades include new exit signs and new smoke detectors. With major systems and interiors already addressed, an incoming investor inherits a turnkey asset positioned for low turnover and capital expenses - the fundamentals driving the current 90% occupancy and consistent collections in one of Hartford's most sought-after neighborhoods.
Property Facts
| Price | $1,990,000 | Building Class | C |
| Price Per Unit | $94,762 | Lot Size | 0.37 AC |
| Sale Type | Investment | Building Size | 15,120 SF |
| No. Units | 21 | Average Occupancy | 90% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1959 |
| Apartment Style | Low-Rise | Parking Ratio | 1.32/1,000 SF |
| Zoning | R7 | ||
| Price | $1,990,000 |
| Price Per Unit | $94,762 |
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.37 AC |
| Building Size | 15,120 SF |
| Average Occupancy | 90% |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | R7 |
Amenities
Unit Amenities
- Refrigerator
- Oven
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | $1,100 | 448 |
| 1+1 | 12 | $1,288 | 600 |
| 2+1 | 3 | $1,580 | 875 |
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Moderately walkable
70/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | HTFD-000133-000314-000150 | Improvements Assessment | $862,050 |
| Land Assessment | $184,310 | Total Assessment | $1,046,360 |
Property Taxes
Parcel Number
HTFD-000133-000314-000150
Land Assessment
$184,310
Improvements Assessment
$862,050
Total Assessment
$1,046,360
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