Mixed use investment opportunity offering a 10 CAP rate.


Property

Website:https://www.nestseekers.com/5613555
Address:
89-93 Barbour
Hartford, CT 06120
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 19 BR
Bathrooms: 6
Area: 7936 sq ft

Financials

Price:$800,000
Annual Taxes:$10,565

Description

Mixed-use investment opportunity offering a 10% CAP rate. The property consists of (6) spacious 3-bedroom, 1-bath apartments, each averaging 1,320 square feet, plus one adjacent commercial grocery space with roughly 400 SF. The property is 100% occupied, providing immediate, stable cash flow. Residential units feature hardwood flooring, laundry hookups, and select kitchen and bathroom updates. All utilities are separately metered and tenant-paid, helping minimize operating expenses. The commercial space provides diversified income while offering long-term investment potential. Located in Hartford's North End with convenient access to Downtown Hartford, Saint Francis Hospital, parks, public transportation, shopping, schools, and major highways. An outstanding opportunity for investors seeking a stabilized asset with strong unit layouts, diversified income, and future upside through continued rent growth and operational improvements.

Amenities

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

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Amanda Faroni-Sheehan of Oxford Realty