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