544 Tolland St - Apartments FOR SALE


East Hartford, CT 06108
$6,000,000 USD
544 Tolland St, East Hartford, CT for Sale
$6,000,000 USD
Apartments - FOR SALE
1/11
null | 7.09% Cap Rate

544 Tolland St
East Hartford, CT 06108


HIGHLIGHTS

  • 45 Units - Approx 2/3rd of Apartments Renovated
  • New Hot Water System
  • Ample Parking on site
  • At 100% Occupied on consistent basis
  • Easy highway access
  • Turn Key with Rental Upside

OVERVIEW

Chozick Realty is pleased to offer 544 Tolland Street, East Hartford, CT. This property has an outstanding operating history with many recent updates. Approximately 2/3rds of the 45 units have been fully renovated and updated, offering not only a turn key investment, but further upside rental growth. HIGHLIGHTS 45 Units - (44 One Bedroom, 1 Studio) Approx 2/3rds of units fully renovated Close to Manchester Town Line 49 onsite parking spaces Fully Occupied - Turn Key Additional Upside Growth in Rents

FOR SALE DETAILS

PRICE

$6,000,000 USD

PRICE/SF

$215 USD /SF

# OF UNITS

45

PRICE/UNIT

$133,333

CAP RATE

7.09%

% LEASED

96%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grand Prix Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

PARKING SPACES

50

LAND DETAILS

LAND ACRES

0.65 AC

LAND SF

28,314 SF

ZONING

B-3

APN/PARCEL ID

EHAR-000037-000000-000252

ASK ABOUT THIS PROPERTY

Rick ChozickChozick Realty Inc.More Info

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Rick ChozickChozick Realty Inc.More Info

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