25% ROI:Turn Key 12 Units w/Big Unit Mix 2 Multifamily Properties Offered at $1,650,000 in Hartford, CT

INVESTMENT HIGHLIGHTS

  • 20% ROI & 11+% CAP
  • BIG Unit Mix = All 3/4 Bed, 1 Bath
  • Desirable Locations: West End & Parkville
  • (2) 6 Unit Brick Buildings
  • All Separate & Tenant Paid Utilities
  • Turn Key & Low Maintenance/Expense

EXECUTIVE SUMMARY

25% ROI! A total of 12 units: TWO 6 unit, brick buildings in the capital city for sale with HUGE CASH FLOW and big unit mix! 18 S Whitney is a 6 unit brick building located in Hartford's desirable West End area/Parkville neighborhood & 160 Lawrence St is a 6 unit brick building located Frog Hollow. Both buildings offer a big unit mix with all 3 bed, 1 bath units. Each building has separate and tenant paid utilities w/gas heating + hot water & separate electric meters. Each building is brick exterior with on-street parking. TURN KEY INVESTMENT OPPORTUNITY with 11+% CAP. Between both locations tenants have easy access to Downtown, Hartford Hospital, UConnHealth, CTfastrak, the highway, public transportation + tons of shops and restaurants. Do not walk the property w/out an appt.

TAXES & OPERATING EXPENSES (ACTUAL - 2024)

ANNUAL
Gross Rental Income $275,760
Other Income -
Vacancy Loss -
Effective Gross Income $275,760
Taxes -
Operating Expenses -
Total Expenses $66,195
Net Operating Income $209,565

PROPERTY FACTS

Price $1,650,000
Price / SF $102.15 / SF
Sale Condition Bulk/Portfolio Sale
Cap Rate 11.78%
Sale Type Investment
Status Active
Number of Properties 2
Individually For Sale 0
Total Building Size 16,152 SF
Total Land Area 0.24 AC

PROPERTIES

PROPERTY NAME / ADDRESS PROPERTY TYPE SIZE YEAR BUILT INDIVIDUAL PRICE
18 S Whitney St, Hartford, CT 06106 Multifamily 8,916 SF 1910 -
162 Lawrence St, Hartford, CT 06106 Multifamily 7,236 SF 1900 -
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  • Listing ID: 34617084

  • Date on Market: 1/27/2025

  • Last Updated:

  • Address: 25% ROI:Turn Key 12 Units w/Big Unit Mix, Hartford, CT