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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