Two-property multifamily portfolio located in Hartford, CT. Both assets have undergone recent renovations, including updated interiors, improved building systems, and new boilers, minimizing deferred maintenance and near-term capital expenditures. The properties are currently occupied with low vacancy, providing stable in-place cash flow from day one.
This offering presents a strong value-add component with projected upside to an 11% cap rate through strategic rent increases and natural tenant turnover. With solid rental demand and major capital improvements already completed, the portfolio offers a balanced opportunity for investors seeking both dependable current income and long-term NOI growth.