9% CAP | 13 Units Mixed-Use Multi-Family FOR SALE


Hartford, CT - South End
$1,500,000 USD
203-314-4219
, Hartford, CT for Sale
$1,500,000 USD
Multi-Family - FOR SALE
1/13
null | 9.06% Cap Rate

9% CAP | 13 Units Mixed-Use
Hartford, CT
South End


HIGHLIGHTS

  • Clay Arsenal & South End Locations
  • 6 Unit Multifamily + 7 Unit Mixed-Use
  • (6) 3 Bed Units + (6) 2.5 Bed Units + 1 Retail/Grocery
  • Many Unit Updates & Hardwood Floors
  • Separate & Tenant Paid Utilities
  • 9% CAP Rate (actual)

OVERVIEW

Exceptional opportunity to acquire a 13-unit mixed-use portfolio consisting of two solid brick assets totaling 13 units (12 residential + 1 commercial) across two buildings. Combined square footage of approximately 13,579 SF with a strong unit mix and in-place cash flow, plus additional upside potential. 38 Redding Street is a 6-unit multifamily located in the South End, offering six 2.5-bedroom, 1-bath units with 5,643 SF. Units feature hardwood floors throughout with some kitchen and bath updates. Utilities are separately metered and tenant-paid. No on-site laundry; on-street parking. 89 Barbour Street is a mixed-use property comprised of six 3-bedroom, 1-bath apartments and one adjacent commercial space, totaling 7,936 SF. The property is 100% occupied, delivering stable, in-place income. Residential units offer hardwood flooring, some kitchen and bath updates, and laundry hookups within each unit. Separate, tenant-paid utilities. On-street parking. Together, the portfolio offers a balanced mix of stabilized income and upside through lease optimization and continued improvements. Ideal for investors seeking scale, strong unit layouts, and diversified income in established rental locations. 10% CAP pro-forma.

ASK ABOUT THIS PROPERTY

Amanda SheehanOxford RealtyMore Info
203-314-4219

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

Amanda SheehanOxford RealtyMore Info
203-314-4219

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