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191 Franklin Avenue 191 Franklin Ave 7 Unit Apartment Building $1,900,000 ($271,429/Unit) 7.65% Cap Rate Hartford, CT 06114
INVESTMENT HIGHLIGHTS
- Convenient Location
- Value Add Potential
- Separate Utilities
- New Residential Units
- Off-Street Parking
- Strong Rental Demographics & Demand
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the sale of the mixed-use investment property located at 191 Franklin Avenue in Hartford, Connecticut (the “Property”). The mixed-use Property is improved by two buildings and contains thirteen (13) total units comprised of six (6) commercial units and seven (7) residential units comprised of three (3), 1-Bedroom/1-Bathroom units, three (3), 2-Bedroom/1-Bathroom Units, and one (1), 3-Bedroom/1 Bathroom unit with 19,977 square feet of rentable area in 22,706 square feet of gross area on a 1.05-acre parcel. 191 Franklin Avenue is well-located in a densely populated residential neighborhood in Hartford’s Barry Square neighborhood. The property is situated along Franklin Avenue and is a short walk from Wethersfield Avenue and Maple Avenue, the area’s primary commercial corridors. The Property is 0.7-miles from Trinity College, 1.5-miles from downtown Hartford, and offers convenient access to area highways, public transportation, retail amenities, and major area employers.
PROPERTY FACTS
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Walk Score®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | HTFD-000251-000665-000107 | Improvements Assessment | $343,280 |
| Land Assessment | $206,570 | Total Assessment | $549,850 |
PROPERTY TAXES
Parcel Number
HTFD-000251-000665-000107
Land Assessment
$206,570
Improvements Assessment
$343,280
Total Assessment
$549,850
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191 Franklin Avenue | 191 Franklin Ave
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