26-30 Sherman St - Apartments FOR SALE


Hartford, CT 06105- West End
$1,295,000 USD
26-30 Sherman St, Hartford, CT for Sale
$1,295,000 USD
Apartments - FOR SALE
1/16
null | Request Cap Rate

26-30 Sherman St
Hartford, CT 06105
West End


HIGHLIGHTS

  • University Of Connecticut Law School Location
  • West End of Hartford
  • Classic Add Value
  • On Site Parking
  • Close to Downtown and West Hartford

OVERVIEW

Chozick Realty, Inc. is pleased to present Sherman Apartments, a multifamily property consisting of 20 residential units in two adjacent buildings in the West End neighborhood of Hartford and on the same block as the University of Connecticut Law School and Hartford International University of Peace, (Former Hartford Seminary). The unit mix is attractive for this market with 2 three bedroom, 14 one bedroom and 4 studio apartments with six of these units having fireplaces. There is off street parking to the rear of the property as well as street parking available. Building improvements include +/-42% replacement windows and replacement gas fired furnaces and hot water heaters, with the 26 Sherman building being replaced in 2025. With an asking price of $1,295,000 ($64,750/unit) 26-30 Sherman Street offers an outstanding opportunity not only to acquire a property that will perform well with only basis renovations but is set to achieve at a very high level with an Add Value program of renovations that will keep the units in high rental demand at strong rent levels within the law school neighborhood. This offering is Lender Owned and is being offered with limited available information, on an As Is, Where Is basis with only Non Contingent offers entertained. All interested and qualified investors will have an opportunity to tour the property and make their own assessment.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/SF

$72 USD /SF

# OF UNITS

20

PRICE/UNIT

$64,750

CAP RATE

Request Cap Rate

% LEASED

70%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1914

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,878 SF

ZONING

R7

APN/PARCEL ID

HTFD-000133-000314-000149

ASK ABOUT THIS PROPERTY

Rick ChozickChozick Realty Inc.More Info

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Rick ChozickChozick Realty Inc.More Info

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