264 Farmington Ave - Apartments FOR SALE


Hartford, CT 06105
$1,350,000 USD
860-519-3800
264 Farmington Ave, Hartford, CT for Sale
$1,350,000 USD
Apartments - FOR SALE
1/13
null | 7% Cap Rate

264 Farmington Ave
Hartford, CT 06105


HIGHLIGHTS

  • Beautiful Brick, Mixed-Use Building
  • Near Downtown Hartford with Off-Street Parking

OVERVIEW

This asset is a prominent brick building on Farmington Avenue in the Asylum Hill neighborhood of Hartford, CT. The ground level grocery store provides a stable base of income that is supported by the eight residential units on the upper two floors. The additional office space is currently occupied by the owner and can serve as either a base of operations or an additional rentable unit. The owner paid heat and hot water system in addition to the completion of cosmetic upgrades in the residential units will allow an investor to attain our proforma rental projections. Open Showing Sunday, 1/26, from 1 to 2pm

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

10

PRICE/UNIT

$135,000

CAP RATE

7%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

B4

APN/PARCEL ID

HTFD-000179-000319-000048

ASK ABOUT THIS PROPERTY

Anthony VelezVC Property GroupMore Info
860-519-3800

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Anthony VelezVC Property GroupMore Info
860-519-3800

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