18 Sherman St - Apartments FOR SALE


Hartford, CT 06105- West End
$1,990,000 USD
860-508-2102
18 Sherman St, Hartford, CT for Sale
$1,990,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

18 Sherman St
Hartford, CT 06105
West End


HIGHLIGHTS

  • 18 Sherman Street is a 21 unit property nestled in Hartford's coveted West End, one of the city's most desirable residential neighborhoods
  • Proximity to UConn Law, Elizabeth Park, the University of Hartford, and the Farmington Avenue corridor, the West End attracts a stable, quality renter
  • An incoming investor inherits a turnkey asset positioned for low turnover and capital expenses - currently 90% occupancy and consistent collections

OVERVIEW

18 Sherman Street is a 21 unit property nestled in Hartford's coveted West End, one of the city's most desirable residential neighborhoods. Known for tree-lined streets, historic architecture, and proximity to UConn Law, Elizabeth Park, the University of Hartford, and the Farmington Avenue corridor, the West End attracts a stable, quality renter base. The walkability and easy access to downtown and I-84 make it a location tenants seek out and stay in - the foundation of the building's strong occupancy and dependable collections. Ten units have been fully remodeled with durable, move-in-ready finishes: new LVT and porcelain tile flooring, quartz countertops, shaker cabinetry, stainless steel appliances, new lighting, open kitchen-to-living layouts, updated baths, in-unit air conditioning, and newer windows. Building systems are equally strong, anchored by a modern Lochinvar gas heating system (former oil tanks retired) and two on-site washer/dryer sets. Additional upgrades include new exit signs and new smoke detectors. With major systems and interiors already addressed, an incoming investor inherits a turnkey asset positioned for low turnover and capital expenses - the fundamentals driving the current 90% occupancy and consistent collections in one of Hartford's most sought-after neighborhoods.

FOR SALE DETAILS

PRICE

$1,990,000 USD

PRICE/SF

$132 USD /SF

# OF UNITS

21

PRICE/UNIT

$94,762

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.37 AC

LAND SF

16,117 SF

ZONING

R7

APN/PARCEL ID

HTFD-000133-000314-000150

ASK ABOUT THIS PROPERTY

Lisa CozziThe Cozzi TeamMore Info
860-508-2102

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Lisa CozziThe Cozzi TeamMore Info
860-508-2102

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