16-20 Henry St - Apartments FOR SALE


Hartford, CT 06114- Barry Square
$1,899,000 USD
860-559-0978
16-20 Henry St, Hartford, CT for Sale
$1,899,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

16-20 Henry St
Hartford, CT 06114
Barry Square


HIGHLIGHTS

  • Unique opportunity including a 15-unit brick building and an adjacent 1,620 SF single-family residence.
  • The 1966-built apartment building has seen significant capital improvements over the last few years,
  • The adjacent single-family home provides additional stable income with a detached 3-bay garage,

OVERVIEW

Investors take note of this unique opportunity including a 15-unit brick building and an adjacent 1,620 SF single-family residence. The 1966-built apartment building has seen significant capital improvements over the last few years, including a new roof, new windows, blown-in insulation, and the addition of EV charging stations. Numerous units have been renovated with updated kitchens, bathrooms, and flooring. The boiler has been enhanced with a new holding tank and additional mechanicals for improved efficiency. The adjacent single-family home provides additional stable income with a detached 3-bay garage, updated plumbing and electrical, vinyl replacement windows, and a newer combination boiler. The finished basement includes an additional bedroom and bathroom, creating a total of 5 bedrooms and 2.5-baths. Both properties have ample off street parking for tenants and on site laundry. For added benefit, the properties have been converted to condo tax status offering owners lower taxes. Conveniently located steps to Trinity College, these 2 lots offer a compelling, cash flowing investment opportunity with great potential!

FOR SALE DETAILS

PRICE

$1,899,000 USD

PRICE/SF

$126 USD /SF

# OF UNITS

15

PRICE/UNIT

$126,600

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.8 AC

LAND SF

34,848 SF

ZONING

NX-2

APN/PARCEL ID

HTFD-000208-000644-000156

ASK ABOUT THIS PROPERTY

Maddy CerutiCentury 21 Allpoints RealtyMore Info
860-559-0978

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Maddy CerutiCentury 21 Allpoints RealtyMore Info
860-559-0978

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.