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Woodside Apartments 45 Olmsted St 44 Unit Apartment Building $5,500,000 ($125,000/Unit) 7.10% Cap Rate East Hartford, CT 06108
Investment Highlights
- 44 Units - Appx 80% of units updated and remodeled
- Resident Paid Utilities
- Turn Key investment with Additional Up Side Rent Growth
- Ample onsite parking
- At or Close to 100% Occ on consistent basis
Executive Summary
Chozick Realty is pleased to offer the Woodside Apartments, 45 Olmsted Street, East Hartford,
CT. This property has an outstanding operating history with many recent updates.
Approximately 80% of the 44 units have beenfully renovated and updated, offering not only a
turn key investment, but further upside rental growth.
HIGHLIGHTS
44 Units - (42 One Bedroom & 2 Two Bed)
Approx 80% of units fully renovated
Tenant Paid Heat & Hot Water
Close to town center, Pratt & Whitney
More than ample onsite parking spaces
Fully Occupied - Turn Key
Additional Upside Growth in Rents
CT. This property has an outstanding operating history with many recent updates.
Approximately 80% of the 44 units have beenfully renovated and updated, offering not only a
turn key investment, but further upside rental growth.
HIGHLIGHTS
44 Units - (42 One Bedroom & 2 Two Bed)
Approx 80% of units fully renovated
Tenant Paid Heat & Hot Water
Close to town center, Pratt & Whitney
More than ample onsite parking spaces
Fully Occupied - Turn Key
Additional Upside Growth in Rents
Property Facts
| Price | $5,500,000 | Building Class | C |
| Price Per Unit | $125,000 | Lot Size | 1.60 AC |
| Sale Type | Investment | Building Size | 35,550 SF |
| Cap Rate | 7.10% | Average Occupancy | 96% |
| No. Units | 44 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2020 |
| Property Subtype | Apartment | Parking Ratio | 1.41/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | R-4 | ||
| Price | $5,500,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 7.10% |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.60 AC |
| Building Size | 35,550 SF |
| Average Occupancy | 96% |
| No. Stories | 2 |
| Year Built/Renovated | 1965/2020 |
| Parking Ratio | 1.41/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R-4 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 42 | - | 500 - 650 |
| 2+1 | 2 | - | 700 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | EHAR-000025-000000-000267 | Improvements Assessment | $1,652,790 |
| Land Assessment | $105,840 | Total Assessment | $1,758,630 |
Property Taxes
Parcel Number
EHAR-000025-000000-000267
Land Assessment
$105,840
Improvements Assessment
$1,652,790
Total Assessment
$1,758,630
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Woodside Apartments | 45 Olmsted St