57 Sumner St - Apartments FOR SALE


Hartford, CT 06105- Asylum Hill
$6,995,000 USD
860-977-2625
57 Sumner St, Hartford, CT for Sale
$6,995,000 USD
Apartments - FOR SALE
1/23
null | 7.58% Cap Rate

57 Sumner St
Hartford, CT 06105
Asylum Hill


HIGHLIGHTS

  • Amenities include balconies, onsite laundry and ample parking via parking garage
  • Exposed Brick in every unit
  • 80% Renovated

OVERVIEW

Presenting 57 Sumner Street, an outstanding 80-unit apartment community located in the heart of Hartford’s Asylum Hill neighborhood. Built in 1970 with solid steel frame construction and concrete floor plates, this well-maintained property offers investors a rare combination of architectural character, modern amenities, and significant value-add potential. The building features a highly desirable unit mix, including 18 spacious studio apartments, 29 one-bedroom units, 32 two-bedroom units, and a unique three-bedroom, three-bathroom penthouse that serves as the crown jewel of the property. Each residence highlights exposed brick interior walls, bringing a blend of industrial charm and contemporary appeal. Private balconies add to the living experience, offering outdoor space for residents in an urban setting. Approximately 80% of the units have been tastefully renovated, with the remaining units offering a clear path for future upgrades and rental growth. Residents benefit from a secure parking garage and the convenience of separately metered electric, minimizing operating expenses for ownership. 57 Sumner Street represents a compelling opportunity to acquire a stable, income-producing asset with additional upside through continued renovations and optimized management. Its strategic location, combined with strong physical infrastructure and modernized interiors, makes this a prime investment in Hartford’s multifamily market.

FOR SALE DETAILS

PRICE

$6,995,000 USD

PRICE/SF

$77 USD /SF

# OF UNITS

80

PRICE/UNIT

$87,438

CAP RATE

7.58%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Sumner House

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

8

YEAR BUILT

1970

PARKING SPACES

80

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

RO2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Steve PappasChozick Realty Inc.More Info
860-977-2625

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Steve PappasChozick Realty Inc.More Info
860-977-2625

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