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Investment Highlights
- HUGE unit mix
- VALUE ADD
- 9+% CAP
Executive Summary
Outstanding opportunity to acquire a cash-flowing 12-unit portfolio comprising two adjacent 6-unit brick buildings. The portfolio offers a desirable unit mix of eight 3-bedroom, 1-bath units and four 4-bedroom, 1-bath units. All utilities are separate and tenant-paid, including gas heat, hot water, and individual electric meters. 906 Park has been fully renovated with modern kitchens and updated bathrooms, while 896 Park features a newer roof. Both buildings have received capital improvements, including newer boilers and hot water tanks. On-street parking is available for both properties. Ideally situated at the intersection of Hartford's cultural and economic centers, the portfolio offers immediate access to I-84, close proximity to public transit, and walkability to parks.
Property Facts
| Price | $1,450,000 | Number of Properties | 2 |
| Price / SF | $68.72 / SF | Individually For Sale | 0 |
| Cap Rate | 9.35% | Total Building Size | 21,099 SF |
| Sale Type | Investment | Total Land Area | 0.28 AC |
| Status | Active |
| Price | $1,450,000 |
| Price / SF | $68.72 / SF |
| Cap Rate | 9.35% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 21,099 SF |
| Total Land Area | 0.28 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 906 Park St, Hartford, CT 06106 | Multifamily | 10,689 SF | 1908 | - |
| 896-898 Park St, Hartford, CT 06106 | Multifamily | 10,410 SF | 1908 | - |
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