39-41 Central Ave - Apartments FOR SALE


East Hartford, CT 06108
$1,025,000 USD
860-656-0205
39-41 Central Ave, East Hartford, CT for Sale
$1,025,000 USD
Apartments - FOR SALE
1/5
null | 7.09% Cap Rate

39-41 Central Ave
East Hartford, CT 06108


HIGHLIGHTS

  • 11-Unit East Hartford Multi-Family Opportunity
  • Convenient Location
  • Stabilized Asset with Upside
  • Strong Rental Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at 39-41 Central Avenue in East Hartford, Connecticut (the “Property”). 39-41 Central Avenue contains two buildings with a total of eleven (11) units, comprised of ten (10), 1-Bedroom/1-Bathroom units and one (1) Studio unit with 5,294 square feet of living area in 9,241 square feet of gross area on a 0.29-acre parcel. The Property features on-site, coin-op laundry and off-street parking. 39-41 Central Avenue is well-located at the edge of East Hartford’s downtown area just off of Main Street, the town’s primary commercial corridor. The Property benefits from convenient access to East Hartford’s retail amenities that are well within walking distance, including a Key Food grocery store, a variety of national and local retailers, and plenty of businesses offering services to the community and the surrounding area. 39-41 Central Avenue is just off of the major junction of Interstates 84 and 91, which connect with numerous area highways to provide transportation access throughout the region.

FOR SALE DETAILS

PRICE

$1,025,000 USD

PRICE/SF

$117 USD /SF

# OF UNITS

11

PRICE/UNIT

$93,182

CAP RATE

7.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,632 SF

ZONING

R-4

APN/PARCEL ID

EHAR-000013-000000-000430

ASK ABOUT THIS PROPERTY

Tim HinesHorvath & TremblayMore Info
860-656-0205

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Tim HinesHorvath & TremblayMore Info
860-656-0205

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