Property
| Ownership: | Multi-Family |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | 16 BR |
| Bathrooms: | 16 |
| Pets: | Pets Unknown |
| Area: | 8352 sq ft |
FinancialsPrice:$1,390,000Annual Taxes:$30,185
DescriptionHigh-Yield Multi-Unit Investment on the West Hartford Line: Exceptional opportunity to acquire a well-maintained 12-unit brick building on 478 Prospect Ave., ideally located on the Hartford/West Hartford line. All units are very large 1-bedroom apartments with spacious interiors-highly attractive to tenants and easy to lease. The offering also includes the neighboring property 486 Prospect Ave., formerly used as an architect's office, with additional residential units and untapped potential. Currently generating an almost 8 cap, this investment offers tremendous value-add potential. Rents are currently under market, presenting a clear path to increased cash flow and maximized NOI through strategic rent adjustments and light upgrades. This is a rare chance to secure a high-performing asset in a desirable rental area with strong fundamentals. Agent related. Financials in attachments.
Amenities- Deck
- Elementary School - Per Board of Ed
- Gutters
- High School - Per Board of Ed
- Intermediate School - Per Board of Ed
- Lighting
- Sidewalk
High-Yield Multi-Unit Investment on the West Hartford Line: Exceptional opportunity to acquire a well-maintained 12-unit brick building on 478 Prospect Ave., ideally located on the Hartford/West Hartford line. All units are very large 1-bedroom apartments with spacious interiors-highly attractive to tenants and easy to lease. The offering also includes the neighboring property 486 Prospect Ave., formerly used as an architect's office, with additional residential units and untapped potential. Currently generating an almost 8 cap, this investment offers tremendous value-add potential. Rents are currently under market, presenting a clear path to increased cash flow and maximized NOI through strategic rent adjustments and light upgrades. This is a rare chance to secure a high-performing asset in a desirable rental area with strong fundamentals. Agent related. Financials in attachments.
- Deck
- Elementary School - Per Board of Ed
- Gutters
- High School - Per Board of Ed
- Intermediate School - Per Board of Ed
- Lighting
- Sidewalk
High Yield Multi Unit Investment on the West Hartford Line Exceptional opportunity to acquire a well maintained 12 unit brick building on 478 Prospect Ave.
DescriptionHigh-Yield Multi-Unit Investment on the West Hartford Line: Exceptional opportunity to acquire a well-maintained 12-unit brick building on 478 Prospect Ave., ideally located on the Hartford/West Hartford line. All units are very large 1-bedroom apartments with spacious interiors-highly attractive to tenants and easy to lease. The offering also includes the neighboring property 486 Prospect Ave., formerly used as an architect's office, with additional residential units and untapped potential. Currently generating an almost 8 cap, this investment offers tremendous value-add potential. Rents are currently under market, presenting a clear path to increased cash flow and maximized NOI through strategic rent adjustments and light upgrades. This is a rare chance to secure a high-performing asset in a desirable rental area with strong fundamentals. Agent related. Financials in attachments.
Amenities- Deck
- Elementary School - Per Board of Ed
- Gutters
- High School - Per Board of Ed
- Intermediate School - Per Board of Ed
- Lighting
- Sidewalk
High-Yield Multi-Unit Investment on the West Hartford Line: Exceptional opportunity to acquire a well-maintained 12-unit brick building on 478 Prospect Ave., ideally located on the Hartford/West Hartford line. All units are very large 1-bedroom apartments with spacious interiors-highly attractive to tenants and easy to lease. The offering also includes the neighboring property 486 Prospect Ave., formerly used as an architect's office, with additional residential units and untapped potential. Currently generating an almost 8 cap, this investment offers tremendous value-add potential. Rents are currently under market, presenting a clear path to increased cash flow and maximized NOI through strategic rent adjustments and light upgrades. This is a rare chance to secure a high-performing asset in a desirable rental area with strong fundamentals. Agent related. Financials in attachments.
- Deck
- Elementary School - Per Board of Ed
- Gutters
- High School - Per Board of Ed
- Intermediate School - Per Board of Ed
- Lighting
- Sidewalk
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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
