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$ 5,555,000
Est. payment | /mo
4 Baths
9,583 Sqft Lot
$ 5,555,000
Est. payment | /mo
4 Baths
9,583 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24104951
Full Baths 4
Year Built 1968
Annual Tax Amount $39,823
Lot Size 9,583 Sqft
Property Description
VALUE-ADD OPPORTUNITY IN PRIME ASYLUM HILL LOCATION! Bring new life to these classic brick buildings-5 solid multifamily structures plus a vacant lot with gated, shared parking in the rear. Rarely does a portfolio of this scale and potential hit the market. Situated on a unified campus, this offering features a diverse unit mix ranging from studios to spacious 3-bedroom townhomes, many of which include 2 full bathrooms. Approximately 25-30 units have already been renovated with modern finishes, while the remaining units present significant upside for investors looking to add value. Additional highlights include laundry rooms in each building, an on-site office, updated electrical with subpanels in every unit, and numerous newer boilers and hot water heaters. Whether you're looking to reposition for long-term cash flow or a new value add project, this is a rare chance to acquire a substantial footprint in a rapidly developing urban market. Savvy investors-don't miss out!
Location
State CT
County Hartford
Zoning NX-1
Interior
Heating Hot Water
Cooling None
Exterior
Utilities Available Electric, Gas
Roof Type Flat
Building
Lot Description Level Lot
Story 3
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Lisa Cozzi • Century 21 AllPoints Realty
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