52 Tremont St - Multi-Family FOR SALE


Hartford, CT 06105- West End
$750,000 USD
203-273-5256
52 Tremont St, Hartford, CT for Sale
$750,000 USD
Multi-Family - FOR SALE
1/2
null | 9.77% Cap Rate

52 Tremont St
Hartford, CT 06105
West End


HIGHLIGHTS

  • Easy commutability to downtown metro
  • Lots of natural light
  • 24 car garage with ancillary income

OVERVIEW

USMF is pleased to present the Tremont Street Portfolio. This 2 building 5-unit portfolio has great cash flow benefiting from a 24 car garage around the rear of the property. This ancillary income helps produce strong cash flow in an already very desirable renter market. Tenants currently have below market rents in place, a tail wind for new ownership to come in and raise rents to marketable levels. Tenants are responsible for their own utilities and have ample off street parking and onsite laundry. Hartford is seeing development growth as new businesses and multifamily builders come to the market. With a rent growth tailwind the market is seeing growth from it's tenant base as new infrastructure and a younger demographic flood the market.

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$94 USD /SF

# OF UNITS

5

PRICE/UNIT

$150,000

CAP RATE

9.77%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tremont Street Portfolio

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

24

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

HTFD-000134-000379-000024

ASK ABOUT THIS PROPERTY

203-273-5256

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203-273-5256

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