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820 Wethersfield Ave 820 Wethersfield Ave 40 Unit Apartment Building $2,900,000 ($72,500/Unit) Hartford, CT 06114



INVESTMENT HIGHLIGHTS
- Convenient Location
- Off-Street Parking
- Strong Rental Demographics & Demand
- Value Add Potential
- Brick Construction
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at 820 Wethersfield Avenue in Hartford, Connecticut (the “Property”). The three-story brick building contains forty (40) residential units comprised of four (4) Studio units, thirty-two (32), 1-Bedroom/1-Bathroom units, and four (4), 2-Bedroom/1-Bathroom Units with 27,046 square feet of living area in 30,223 total square feet on a 0.68- acre parcel. The well-maintained Property has an on-site laundry facility and offers ample on-site parking for residents. 820 Wethersfield Avenue is well-located in a densely populated residential neighborhood in Hartford’s south-end. The property, located in an opportunity zone, is positioned along Wethersfield Avenue and is seconds from Franklin Avenue and Silas Deane Highway, three of the area’s primary commercial thoroughfares. The Property is 2.25-miles from downtown Hartford, and the location offers convenient access to area highways, public transportation, retail amenities, and major area employers.
PROPERTY FACTS
| Price | $2,900,000 | Lot Size | 0.68 AC |
| Price Per Unit | $72,500 | Building Size | 30,223 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 40 | Year Built | 1968 |
| Property Type | Multifamily | Parking Ratio | 1.32/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Building Class | C | ||
| Zoning | NX-2 | ||
| Price | $2,900,000 |
| Price Per Unit | $72,500 |
| Sale Type | Investment |
| No. Units | 40 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 30,223 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 1.32/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | NX-2 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 40 | - | - |
PROPERTY TAXES
| Parcel Number | HTFD-000277-000815-000218 | Improvements Assessment | $1,358,560 |
| Land Assessment | $263,340 | Total Assessment | $1,621,900 |
PROPERTY TAXES
Parcel Number
HTFD-000277-000815-000218
Land Assessment
$263,340
Improvements Assessment
$1,358,560
Total Assessment
$1,621,900
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820 Wethersfield Ave | 820 Wethersfield Ave
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