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.