203-692-2420
5 Highland St, West Hartford, CT for Sale
Apartments - FOR SALE
1/23
null | Request Cap Rate

5 Highland St
West Hartford, CT 06119


HIGHLIGHTS

  • Proven Value-Add Opportunity – Opportunity to Grow Revenue by $175,000+
  • 19 of 39 Units Renovated – Remaining 20 Units Average $380/month in Renovation Premium
  • Outstanding Location – Walking Distance to Parks, Restaurants, Dining, Shopping & nightlife
  • Immediate Access West Hartford Center & Downtown Hartford – World Class Dining & Nightlife, Employment, Universities, Hospitals, Arts & Culture
  • Luxury Community – Brick, Covered Parking, Elevator, Large Units, Desirable Unit Mix, Green Space

OVERVIEW

Northeast Private Client Group is pleased to exclusively present Five High, a 39- unit value-add multifamily community located in West Hartford, Connecticut. Five High is a brick, three- and four-story, elevatored, courtyard-style building consisting of a mix of 12 one bedroom, one bathroom apartments, 12 two bedroom, one bathroom apartments, and 15 two bedroom, one-and-a-half bathroom apartments with 42,447 square feet of gross building area set on 0.96 acres. The property was built in 1947, and since 2022 ownership has invested over $500,000 in capital improvements, including unit and common area upgrades, landscaping upgrades, and exterior upgrades. Five High provides immediate access to Interstates 84 & 91, Connecticut Routes 2, 15 & 44, and Hartford’s Amtrak Train Station. The property is located within walking distance of many shopping, dining, and nightlife options on Farmington Avenue, within five minutes of West Hartford Center, and within 10 minutes of Downtown Hartford, providing residents with direct access to a multitude of work and play options. Additionally, Five High is surrounded by parks, universities, hospitals, arts and cultural options. Five High presents an ideal opportunity for investors looking to acquire a stable asset with significant upside potential in an outstanding location and submarket with strong fundamentals. A new owner will have the opportunity to continue unit renovations to capture a proven renovation premium within the property, while marking existing rents to market levels, and gaining exposure to one of the most dynamic markets in the Northeast.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

39

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Five High

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1947

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

R-10

APN/PARCEL ID

WHAR-000008H-002696-000005

ASK ABOUT THIS PROPERTY

Edward JordanNortheast Private Client GroupMore Info
203-692-2420

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Edward JordanNortheast Private Client GroupMore Info
203-692-2420

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