958 Wethersfield Ave - Apartments FOR SALE


Hartford, CT 06114- South Meadows
$1,625,000 USD
860-656-0205
958 Wethersfield Ave, Hartford, CT for Sale
$1,625,000 USD
Apartments - FOR SALE
1/13
null | 7.24% Cap Rate

958 Wethersfield Ave
Hartford, CT 06114
South Meadows


HIGHLIGHTS

  • Convenient Location
  • Value Add Potential
  • Off-Street Parking
  • Brick Construction
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at 958 Wethersfield Avenue in Hartford, Connecticut (the “Property”). The three-story brick building contains eighteen (18), 1-Bedroom/1-Bathroom units with 10,794 square feet of living area in 12,424 square feet of gross area on a 0.22-acre lot. The Property is separately metered for electricity, which the tenants pay directly. The landlord is responsible for gas fired heat and hot water, common area electric and domestic water and sewer. The Property has a brand-new high efficiency gas boiler, and on-site parking for residents. 958 Wethersfield Avenue is well-located in a densely populated residential neighborhood in Hartford’s south-end. The property, located in an opportunity zone, is positioned along Wethersfield Avenue and is seconds from Franklin Avenue and Silas Deane Highway, three of the area’s primary commercial thoroughfares. The Property is 2.5-miles from downtown Hartford, and the location offers convenient access to area highways, public transportation, retail amenities, and major area employers.

FOR SALE DETAILS

PRICE

$1,625,000 USD

PRICE/SF

$151 USD /SF

# OF UNITS

18

PRICE/UNIT

$90,278

CAP RATE

7.24%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1968

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

NX-1

APN/PARCEL ID

HTFD-000278-000816-000195

ASK ABOUT THIS PROPERTY

Tim HinesHorvath & TremblayMore Info
860-656-0205

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

Tim HinesHorvath & TremblayMore Info
860-656-0205

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