42-44 Redding St - Apartments FOR SALE


Hartford, CT 06114- South End
$675,000 USD
860-308-6115
42-44 Redding St, Hartford, CT for Sale
$675,000 USD
Apartments - FOR SALE
1/6
null | 8% Cap Rate

42-44 Redding St
Hartford, CT 06114
South End


HIGHLIGHTS

  • Strong in place cash flow
  • Desirable unit mix
  • Many Updates

OVERVIEW

Excellent opportunity to acquire a cash-flowing 6-unit brick building! This 5,642 SF three-story property consists of all 2-bedroom, 1-bath units, several of which have been renovated with updated kitchens, bathrooms, and flooring. The property also features a newer roof and separate, tenant-paid utilities, including gas heat and hot water. The asset offers strong in place cash flow with additional upside as units turn over. Located in Hartford south end, the property is within walking distance of colt park, and offers convenient access to Hartford hospital, downtown Hartford, public transportation and I-91.

FOR SALE DETAILS

PRICE

$675,000 USD

PRICE/SF

$104 USD /SF

# OF UNITS

6

PRICE/UNIT

$112,500

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

PARKING SPACES

3

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

R3

APN/PARCEL ID

HTFD-000252-000681-000212

ASK ABOUT THIS PROPERTY

Thuyan TranOxford RealtyMore Info
860-308-6115

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Thuyan TranOxford RealtyMore Info
860-308-6115

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