191 Franklin Ave - Apartments FOR SALE


Hartford, CT 06114- Barry Square
$1,900,000 USD
203-464-2434
191 Franklin Ave, Hartford, CT for Sale
$1,900,000 USD
Apartments - FOR SALE
1/13
null | 7.65% Cap Rate

191 Franklin Ave
Hartford, CT 06114
Barry Square


HIGHLIGHTS

  • Convenient Location
  • New Residential Units
  • Value Add Potential
  • Off-Street Parking
  • Separate Utilities
  • Strong Rental Demographics & Demand

OVERVIEW

Horvath & Tremblay is pleased to present the sale of the mixed-use investment property located at 191 Franklin Avenue in Hartford, Connecticut (the “Property”). The mixed-use Property is improved by two buildings and contains thirteen (13) total units comprised of six (6) commercial units and seven (7) residential units comprised of three (3), 1-Bedroom/1-Bathroom units, three (3), 2-Bedroom/1-Bathroom Units, and one (1), 3-Bedroom/1 Bathroom unit with 19,977 square feet of rentable area in 22,706 square feet of gross area on a 1.05-acre parcel. 191 Franklin Avenue is well-located in a densely populated residential neighborhood in Hartford’s Barry Square neighborhood. The property is situated along Franklin Avenue and is a short walk from Wethersfield Avenue and Maple Avenue, the area’s primary commercial corridors. The Property is 0.7-miles from Trinity College, 1.5-miles from downtown Hartford, and offers convenient access to area highways, public transportation, retail amenities, and major area employers.

FOR SALE DETAILS

PRICE

$1,900,000 USD

PRICE/SF

$95 USD /SF

# OF UNITS

7

PRICE/UNIT

$271,429

CAP RATE

7.65%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

191 Franklin Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

MX-1

APN/PARCEL ID

HTFD-000251-000665-000107

ASK ABOUT THIS PROPERTY

Tim HinesHorvath & TremblayMore Info
203-464-2434

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Tim HinesHorvath & TremblayMore Info
203-464-2434

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