Attention investors ! This turnkey commercial office building presents an excellent opportunity for those looking to expand their portfolio with stabilized rental income.
| Website: | https://www.nestseekers.com/5347970 |
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| Address: | 631 Farmington Hartford, CT 06105 |
| Ownership: | Commercial |
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| Type: | Commercial |
| Area: | 25298 sq ft |
Financials
Price:$1,600,000
Annual Taxes:$65,211
Description
Attention investors! This turnkey commercial office building presents an excellent opportunity for those looking to expand their portfolio with stabilized rental income. Fully leased until 2030 with two long term tenants. Larger unit has occupied the building 35+ years, and the second tenant has been there 15+ years. Leases increase annually by 2.5%. Close to West Hartford, this property is situated in Hartford's West End, with easy highway access and public transit. Substantial upgrades include energy efficient lighting, new fire alarm system, new RTU systems, new water heater (2026), updated restrooms, and a complete renovation of the second floor. Ample parking (50+ spaces) located on the front, side, and rear of the building. The partially finished basement offers potential to further maximize rental revenue. With minimal owner responsibility, this property would be ideal for a 1031 exchange, those looking to add to their commercial portfolio, or for the newer investor looking to get into commercial real estate. Detailed expense sheet available upon request.
Amenities
- Central Air
- Elementary School -
- High School -
- Intermediate School -
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Stephanie Ossowski of Dave Jones Realty, LLC | |