98 Garden, Hartford, Connecticut, 06105

98 Garden
Hartford CT 06105

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 6 BR
Bathrooms: 6
Pets: Pets Unknown
Area: 66062 sq ft

Financials

Price: $12,500,000
Annual Taxes: $127,824
500 West Putnam Avenue, Greenwich, CT 06830, USA
Courtesy of Berkshire Hathaway NE Prop.

Description

The buildings are located off the Asylum Avenue exit in Hartford (designated Opportunity Zone). This asset has 129 units, was constructed in 1947, totals 66,602 SF & is on .80 acres. You are greeted by a stunning marble entryway w/ completely remodeled hallways w/ new flooring, paint & LED lighting. Ownership has renovated many units w/ top of the line finishes, including: stainless appliances, granite countertops, modern flooring, shaker cabinets, decorative backsplashes, attractive lighting & cordless shades. Additional amenities are: electronic key fob access, gated off-street parking, elevator, brand new energy efficient windows and boilers. Currently, ownership is creating a fitness facility in the lower level and an outdoor sitting area with a fire pit in the courtyard. 30+ units have already been renovated and rented at higher rents. Rents increased 23% Year over Year since March 2020, when majority ownership took over Property Management. The unit mix consists of:10: 2-bedroom/1-bathroom units; 88: 1-bedroom/1-bathroom units; 32: Studio/1-bath units. The upside is immediate with the continuation of these renovations. The Landlord is responsible for heat, water, sewer and common area electric. The tenants pay electric and the electric has been updated to circuit breakers with subpanels for each unit. The asset also has cameras and an intercom system. This asset can be purchased individually or as part of the complete 505 Unit, “Historic West End Portfolio.”

Amenities

  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School -
  • Porch
  • Window Unit

Neighborhood

More listings:

The buildings are located off the Asylum Avenue exit in Hartford designated Opportunity Zone.

Description

The buildings are located off the Asylum Avenue exit in Hartford (designated Opportunity Zone). This asset has 129 units, was constructed in 1947, totals 66,602 SF & is on .80 acres. You are greeted by a stunning marble entryway w/ completely remodeled hallways w/ new flooring, paint & LED lighting. Ownership has renovated many units w/ top of the line finishes, including: stainless appliances, granite countertops, modern flooring, shaker cabinets, decorative backsplashes, attractive lighting & cordless shades. Additional amenities are: electronic key fob access, gated off-street parking, elevator, brand new energy efficient windows and boilers. Currently, ownership is creating a fitness facility in the lower level and an outdoor sitting area with a fire pit in the courtyard. 30+ units have already been renovated and rented at higher rents. Rents increased 23% Year over Year since March 2020, when majority ownership took over Property Management. The unit mix consists of:10: 2-bedroom/1-bathroom units; 88: 1-bedroom/1-bathroom units; 32: Studio/1-bath units. The upside is immediate with the continuation of these renovations. The Landlord is responsible for heat, water, sewer and common area electric. The tenants pay electric and the electric has been updated to circuit breakers with subpanels for each unit. The asset also has cameras and an intercom system. This asset can be purchased individually or as part of the complete 505 Unit, “Historic West End Portfolio.”

Amenities

  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School -
  • Porch
  • Window Unit

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.