3 Multifamily Properties

Multi-Family for Sale
Catylist Listing ID: 30547321
Property Subtypes: Low-Rise/Garden
Number of Units: 18 Units
Building Size (RSF): 18,222 SF
Gross Building Area: See Agent
Sale Price: $1,200,000
Unit Price: $66,666.67 Per Unit
Property Use Type: Investment
Sale Terms: Other
Cap Rate: 9.5%
Last Updated: 2/16/2020

Overview / Comments

This is an opportunity to own 3 adjacent buildings with a total of 18 units + 15 garages in the rear. There is a total of (12) true 2 bed/1 bath units and (6) true 2 bed w/bonus room/1 bath units. The properties feature major updates in 2008 including: All vinyl replacement windows, Updated electrical service, New boilers + hot water heaters, Roof, Kitchens + Bathrooms. All the utilities are separate & tenant paid – gas heat, hot water and cooking. Overall Portfolio Features: the majority of the doors are fire rated, Driveway & Parking Paved 5 years ago + 15 garages in the rear and off-street parking. There is exterior surveillance throughout – 8 Cameras, Hardwired smoke detectors in each building and Washer dryer hookups + Pantry in each unit. This can also be purchased with a 4th adjacent building. This is a truly turn key opportunity with well-maintained and managed buildings.

Additional Details

Nearest MSA: Hartford-East Hartford-Middletown
County: Hartford
Total Number of Buildings: 3
Year Built: 1900
Roof Type: Flat
Construction/Siding: Brick
Parking Type: Surface
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 35,472 166,736 318,202
Median Age: 29.16 34.65 37.25
Households: 11,901 65,137 122,675
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