194 Washington St | Hartford, CT 06106
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- LoopNet Team
194 Washington St
Hartford, CT 06106
Rose Estates · Multifamily Property For Sale
·
139 Units
INVESTMENT HIGHLIGHTS
- Rare 139 units in attractive/modern brick building, two elevators, onsite parking, outdoor recreation area, originally constructed in 1968.
- Proven Value Add opportunity with continued upgrades to kitchens that can add $100+ to current rents, (Owner has completed 25 Units)
- Strategic location near Hartford Hospital Medical Center, walking distance to Bushnell Park and downtown commercial district.
PROPERTY FACTS
| No. Units | 139 | Building Size | 107,630 SF |
| Property Type | Multifamily | Average Occupancy | 95% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1968/2017 |
| Building Class | C | Parking Ratio | 0.83/1,000 SF |
| Lot Size | 1.56 AC | ||
| Zoning | MX-1 | ||
| No. Units | 139 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 1.56 AC |
| Building Size | 107,630 SF |
| Average Occupancy | 95% |
| No. Stories | 4 |
| Year Built/Renovated | 1968/2017 |
| Parking Ratio | 0.83/1,000 SF |
| Zoning | MX-1 |
AMENITIES
UNIT AMENITIES
- Heating
- Kitchen
- Tub/Shower
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Security System
- Basketball Court
- Elevator
ABOUT 194 WASHINGTON ST , HARTFORD, CT 06106
Lafayette Arms was originally constructed in +/- 1968 and has been well maintained with major capital improvements in recent years. Newer rubber membrane roof (3 sections) three new Laars gas fired 1.8M BTU heating systems, newer vinyl replacement windows, newer interior and exterior LED lighting, attractive main entrance office with reception area and lobby. Two hydrolic elevators, main level laundry room (leased), new landscaped courtyard with picnic and basketball. Gated onsite parking.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 128 | - | 750 |
| 2+1 | 10 | - | 950 |
| 3+2 | 1 | - | 1,200 |
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