100 Preston St - Apartments FOR SALE


Hartford, CT 06114
$850,000 USD
203-314-4219
100 Preston St, Hartford, CT for Sale
$850,000 USD
Apartments - FOR SALE
1/32
null | 8.74% Cap Rate

100 Preston St
Hartford, CT 06114


HIGHLIGHTS

  • South End Location
  • Condo Status = Lower Taxes
  • Turn Key Units
  • Separate & Tenant Paid Utilities
  • Off Street Parking + Curb Appeal
  • Can be Purchased as Part of a Larger Portfolio

OVERVIEW

Amazing investment opportunity in the heart of the south end neighborhood. This condo status, brick building offers a turn key asset with cash flow from the start. There is a total of (6) 2 bed, 1 bath apartments with stable tenant base and historically low vacancy. Units are renovated with hardwood floors throughout, renovated kitchens w/ceramic tile, updated cabinets, counters & appliances and renovated baths w/tile surround, tubs, new vanities & toilets. All the utilities are separate & tenant paid - gas heat, HW and cooking. The electric is also separate & tenant paid. Condo status offers consistently lower taxes. Off-street parking in back plus a desirable location for tenants with easy access to Downtown, Hartford Hospital, the highway, public transportation + tons of shops and restaurants. This property can also be purchased with the following: 18 S Whitney (6 units), 160 Lawrence St (6 units), 45 School St (6 units + 6 garages) and 143 Putnam St (6 units).

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

6

PRICE/UNIT

$141,667

CAP RATE

8.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

CONDO STATUS: Great Location & Cash Flow

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

R3

APN/PARCEL ID

HTFD-000253-000672-000212

ASK ABOUT THIS PROPERTY

Amanda SheehanOxford RealtyMore Info
203-314-4219

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Amanda SheehanOxford RealtyMore Info
203-314-4219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.