RARE opportunity to own 68 units on one parcel in the Asylum Hill area of Hartford near the Hartford Insurance and St Francis Hospital.. This offering consists of 5 adjacent, brick buildings and a lot next door with opportunity to build more units on. Robust unit mix ranging from studios to 4 bedroom multi-level townhomes. Several of the larger units also have 2 full bathrooms. The range of unit type and pure size of unit is incredibly rare in the local market.This asset was gutted to the studs approximately 25 years ago. Since then, the current owner has renovated over 30 units and made a significant investment in cleaning up the tenant base and correct any arrears. This property has several amenities spanning from: secured entry with pass card systems, large fenced in parking lot (recently paved), laundry rooms, updated electrical with subpanels in each unit, and an onsite office. Recent mechanical upgrades include: buildings 36 and 46 have new circular pumps, building 40 has new water heaters, buildings 46 and 48 have roofs that are around 5 years old, and a few of the boilers have been replaced. This opportunity offers the savvy investor an incredible opportunity to secure a sizable asset in a prime Hartford location with modernized units ready for market rent. The Cozzi Team is assisting the owner in leasing up the asset and performing diligent and thorough credit, background and eviction checks on any new applicants and tenants.
$6,800,000 • 1.00%
Make OfferLisa Cozzi, Berkshire Hathaway NE Prop.
The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.