27 Imlay St - Apartments FOR SALE


Hartford, CT 06105- Asylum Hill
$2,550,000 USD
860-420-9775
27 Imlay St, Hartford, CT for Sale
$2,550,000 USD
Apartments - FOR SALE
1/27
null | 6.55% Cap Rate

27 Imlay St
Hartford, CT 06105
Asylum Hill


HIGHLIGHTS

  • Immediate Scale
  • Strategic Location
  • Portfolio Potential: Opportunity to acquire alongside 660 Farmington Avenue (18 units)
  • Attractive Unit Mix
  • Proven Value-Add
  • Recent Capital Improvements

OVERVIEW

Northeast Private Client Group is pleased to present the exclusive listing of 25–27 Imlay Street, a 30-unit multifamily asset located on one of the premier residential blocks in Hartford’s Asylum Hill neighborhood. This offering provides investors with immediate scale and operational efficiency in a robust workforce housing market. The property is available for purchase individually or as part of a portfolio with 660 Farmington Avenue. The asset features a diverse unit mix of studios, one-bedrooms, and two-bedrooms, catering to deep demand from the local workforce, including employees at nearby major insurance and healthcare hubs. With 30 units under one roof and valuable on-site parking, the property offers inherent management and maintenance economies of scale. Current ownership has invested materially in the asset, completing unit renovations and significant capital improvements during their hold period. Given its attractive basis, 1960s vintage, and meaningful in-place rent gap, 25–27 Imlay Street presents a compelling value-add opportunity. An incoming operator can build upon recently stabilized operations to capture approximately 35% revenue upside, optimizing rents to market levels while benefiting from limited immediate capital requirements.

FOR SALE DETAILS

PRICE

$2,550,000 USD

PRICE/SF

$114 USD /SF

# OF UNITS

30

PRICE/UNIT

$85,000

CAP RATE

6.55%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

25-27 Imlay Street

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.47 AC

LAND SF

20,473 SF

ZONING

NX-1

APN/PARCEL ID

HTFD-000180-000411-000092

ASK ABOUT THIS PROPERTY

Bradley BallettoNortheast Private Client GroupMore Info
860-420-9775

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Bradley BallettoNortheast Private Client GroupMore Info
860-420-9775

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