Located in the heart of Hartford, this fabulous building offers a lot of possibilities. Ideally positioned across from the Mark Twain house Zoned as mixed use and currently used as office space, this building could be ideal for an owner/user or investment opportunity. The building boasts beautiful architectural details from an era long ago. Under current zoning, an owner can choose to bring back the glory of a single-family home, convert to residential units, create a residential care facility, or continue to use the properties for office use. Other uses include a hotel, group living, bed and breakfast, adult day care, etc. All uses to be verified with the City of Hartford. Behind the building is a carriage house that has been converted to a theater that is currently leased by a local theater group. Outside parking for approximately 8 cars.
Prime opportunity in the south end of Hartford. Expansive 50,170 sq. ft. commercial building with a clean slate interior, providing endless possibilities for customization offering easy access to major highways and nearby amenities. Ideal investment with the potential for conversion into 48 spacious residential apartments. Recent permit issued in April 2022 just expired. As soon as you walk inside it starts showcasing the progress made towards the remodeling project. Significant work already completed, saving time and effort for potential buyers. With the property already approved for the Tax Exemption Program in Hartford, Connecticut, it adds long-term financial benefits for the new owner. Surrounded by a thriving community, it's an attractive choice for residents seeking modern and convenient living spaces. Ample parking space available, catering to the needs of both residents and visitors. With the demand for residential apartments in the area increasing by the day. This is definitely presenting a lucrative opportunity for investors. A rare chance to own a large-scale property with immense potential for profit and growth in the thriving Hartford market. Extra Docs available upon requests(Change of use letter, asbestos removal, solar proforma, updated site plan, unit schematic and sizes.
Investors Take Notice Of This True One Of A Kind Immaculate Turn-Key 8 Unit Up/Down Condo Style Building Built In 1990. Rare To Find Such A Well Maintained Excellent Condition Property To Add To Any Portfolio. A Perfect Investment Property To Take Over And Begin Collecting Positive Monthly Cash Flow Income With Minimal Landlord Expenses. Each Unit Comes With Kitchen, Eating Area, Living Room, In Unit Laundry, Vinyl Windows, Separate Gas Heat Boiler, Water Heater, Electrical Breaker Panel, And Separate Full Basement. The Property Also Features A Fenced Level Lot With Patio Area And 14 Car Private Parking Lot. Just Blocks From Downtown, Restaurants, Dunkin' Park Baseball Field, St Francis Hospital, Bushnell Park, Museums, Easy Access To I-84 And Rte-91 Hwy. Rents Were Kept Extremely Below Market Value Because Occupants Are Members Of A Not-For-Profit Cooperative Structure. All Occupants Are Month-To-Month And Pay All Separate Utilities. Fully Rented And Up To Date Payments. Fair Market Rents Are $1800 For 4 Bedroom Units, $1600 For 3 Bedroom Units, $1400 For 2 Bedroom Units. This Building Comes With (2x) 4 Bed/2 Bath, (4x) 3 Bed/1.5 Bath, (2x) 2 Bed/1 Bath Totaling $153,600 Annual Gross Income. 8.3% Cap Rate. Sold As Is. To Schedule Showing: 24 Hours Notice And Email Proof Of Funds, Prequal Or LOI To Listing Agent Prior To Confirmation. Don't Miss Out On This Amazing Opportunity!
Investors Take Notice Of This True One Of A Kind Immaculate Turn-Key 8 Unit Up/Down Condo Style Building Built In 1990. Rare To Find Such A Well Maintained Excellent Condition Property To Add To Any Portfolio. A Perfect Investment Property To Take Over And Begin Collecting Positive Monthly Cash Flow Income With Minimal Landlord Expenses. Each Unit Comes With Kitchen, Eating Area, Living Room, In Unit Laundry, Vinyl Windows, Separate Gas Heat Boiler, Water Heater, Electrical Breaker Panel, And Separate Full Basement. The Property Also Features A Fenced Level Lot With Patio Area And 14 Car Private Parking Lot. Just Blocks From Downtown, Restaurants, Dunkin' Park Baseball Field, St Francis Hospital, Bushnell Park, Museums, Easy Access To I-84 And Rte-91 Hwy. Rents Were Kept Extremely Below Market Value Because Occupants Are Members Of A Not-For-Profit Cooperative Structure. All Occupants Are Month-To-Month And Pay All Separate Utilities. Fully Rented And Up To Date Payments. Fair Market Rents Are $1800 For 4 Bedroom Units, $1600 For 3 Bedroom Units, $1400 For 2 Bedroom Units. This Building Comes With (2x) 4 Bed/2 Bath, (4x) 3 Bed/1.5 Bath, (2x) 2 Bed/1 Bath Totaling $153,600 Annual Gross Income. 8.3% Cap Rate. Sold As Is. To Schedule Showing: 24 Hours Notice And Email Proof Of Funds, Prequal Or LOI To Listing Agent Prior To Confirmation. Don't Miss Out On This Amazing Opportunity!
Three-story building downtown Hartford. Walk to hospital.Previous Rooming House/office. Sprinkler system Potential visiting nurse Housing 6+ bedrooms four baths
Hartford is located in Connecticut. Hartford, Connecticut has a population of 121,562. Hartford is less family-centric than the surrounding county with 20.09% of the households containing married families with children. The county average for households married with children is 29.12%.
The median household income in Hartford, Connecticut is $37,477. The median household income for the surrounding county is $80,320 compared to the national median of $69,021. The median age of people living in Hartford is 33 years.
The average high temperature in July is 84 degrees, with an average low temperature in January of 17.8 degrees. The average rainfall is approximately 49.2 inches per year, with 37.9 inches of snow per year.
