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$ 5,000,000
Est. payment | /mo
101 Beds
65 Baths
45,000 SqFt
$ 5,000,000
Est. payment | /mo
101 Beds
65 Baths
45,000 SqFt
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 45,000 sqft
Price per Sqft $111
MLS Listing ID 24136144
Style Units on different Floors
Bedrooms 101
Full Baths 65
Year Built 1959
Annual Tax Amount $179,473
Lot Size 435 Sqft
Property Sub-Type 5 Family+
Property Description
INVESTORS TAKE NOTICE! Exceptional opportunity to own a fully renovated, fully occupied 50-unit multifamily asset with below-market rents and tons of upside potential. Three all-brick buildings (20, 15, and 15 units) feature a balanced mix of 6 townhouses, 8 studios, 6 one-bedrooms, 16 two-bedrooms, and 14 three-bedrooms. Originally built in 1959 and completely rebuilt to the studs in 2006 with over $4M invested. Major updates include new roofs, windows, plumbing, electrical (60-amp subpanels per unit), kitchens, and baths. Features dual-fuel hot water baseboard heat, tenant-paid electric with electric stoves, and energy-efficient insulation upgrades. Amenities include 3 laundry rooms ($1.50/load), 6 ADA-compliant units, fire alarm system, secured gated parking with pass card access, and on-site office/storage space. Turn-key, strong cash flow asset with significant rent growth potential.
Location
State CT
County Hartford
Zoning NX-1
Rooms
Basement Full
Interior
Heating Baseboard
Cooling Window Unit
Exterior
Parking Features None
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Richard Breglia • Coldwell Banker Realty
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Mike D'Ambrosio
Lic# NY 10401339308 | FL SL3579350