252 Sisson Ave - Apartments FOR SALE


Hartford, CT 06105
$850,000 USD
203-314-4219
252 Sisson Ave, Hartford, CT for Sale
$850,000 USD
Apartments - FOR SALE
1/21
null | 10.2% Cap Rate

252 Sisson Ave
Hartford, CT 06105


HIGHLIGHTS

  • West End Neighborhood
  • 12 Units, 1 Building
  • 24+% ROI Pro-Forma
  • Brick Building
  • Driveway w/Some Rear Parking
  • Value Add Opportunity

OVERVIEW

Rarely available, 12 unit brick building in the city's West End neighborhood with a current 10+% CAP and big value add opportunity. Property consists of all 1 bed/1 bath apartments with roughly 725 SF each. There is separate & tenant paid electric + central and owner paid gas H&HW (1 furnace and 2 newer hot water tanks). There is currently no laundry in the building. The property features fire rated doors to the exterior and units. The trash is city pick up (no dumpster). There are a few tandem parking spaces on the side and a fenced area w/additional parking in back. Unit renovations needed + rents are below market = great upside potential! Location is desirable for tenants - close to West Hartford, highway access and plenty of shops, restaurants and other amenities. 24+% ROI pro-forma.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$97 USD /SF

# OF UNITS

12

PRICE/UNIT

$70,833

CAP RATE

10.2%

% LEASED

80%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

12 Units | West End Neighborhood w/Value Add!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

RO2

APN/PARCEL ID

HTFD-000134-000394-000202

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.