1252-1254 Main St - Apartments FOR SALE


East Hartford, CT 06108
$3,150,000 USD
860-638-9748
1252-1254 Main St, East Hartford, CT for Sale
$3,150,000 USD
Apartments - FOR SALE
1/23
null | 6.43% Cap Rate

1252-1254 Main St
East Hartford, CT 06108


HIGHLIGHTS

  • Beautifully Renovated Apartment Units
  • Dynamic Main Street Location
  • Poised for Long Term Appreciation
  • Off Street Parking
  • High Visibility and Accessibility

OVERVIEW

To Be Sold at Full Occupancy. Fully renovated, 19-unit brick multifamily building located in a 4-story low-rise structure. This turnkey property features a unit mix of 14 studio apartments and 5 one-bedroom units, all outfitted with premium finishes including granite countertops, marble-tiled bathrooms (floors and walls), luxury vinyl plank flooring, and modern fire alarm and sprinkler systems throughout the building.Each unit is separately metered, with utilities paid directly by tenants, contributing to the property’s efficient operating profile. Currently in lease-up, the asset is being offered with projected stabilization at 95% occupancy. There are 15 off-street parking spaces exclusively for tenant use, presently offered at no charge—providing a clear value-add opportunity for the next owner to implement parking fees and optimize income. With a low expense ratio of approximately 30%, this asset operates with minimal overhead and strong cash flow potential. Each unit has undergone a comprehensive renovation, featuring all new electrical, plumbing, and lighting systems. High-end finishes include granite countertops, white shaker cabinetry with soft-close hardware, and energy efficient recessed LED lighting throughout. Kitchens are outfitted with full stainless steel appliance packages and complemented by ductless mini-split HVAC systems, providing individualized climate control and operating efficiency. The interiors reflect a modern, clean design aesthetic, with upgraded trim and finishes throughout. Bathrooms feature large-format tile on both floors and walls, new tubs with full shower enclosures, and contemporary plumbing fixtures—all designed to appeal to today’s discerning urban renter while ensuring durability and low maintenance for ownership. Energy-efficient windows further enhance operating performance and tenant comfort, contributing to long term value and reduced capital expenditures. The building’s common areas, including hallways, stairwells, and the main entrance lobby, have been thoughtfully renovated to create a right, warm, and inviting atmosphere. High-quality marble tile covers both the floors and walls, elevating the aesthetic appeal while ensuring long-term durability. The refreshed spaces provide a welcoming experience for both tenants and visitors, setting a high standard of design and comfort throughout the property.

FOR SALE DETAILS

PRICE

$3,150,000 USD

PRICE/SF

$190 USD /SF

# OF UNITS

19

PRICE/UNIT

$165,789

CAP RATE

6.43%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1912

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,984 SF

ZONING

B-5

APN/PARCEL ID

EHAR-000014-000000-000309

ASK ABOUT THIS PROPERTY

Sandy StricklingSky Realty GroupMore Info
860-638-9748

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Sandy StricklingSky Realty GroupMore Info
860-638-9748

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