478 Prospect Avenue new Save Request In-Person Tour Request Virtual Tour
Hartford,CT 06105
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 8,352 sqft
Price per Sqft $166
MLS Listing ID 24112928
Style Other
Bedrooms 16
Full Baths 16
Year Built 1928
Annual Tax Amount $30,185
Lot Size 9,147 Sqft
Property Sub-Type 5 Family+
Property Description
High-Yield Multi-Unit Investment on the West Hartford Line: Exceptional opportunity to acquire a well-maintained 12-unit brick building on 478 Prospect Ave., ideally located on the Hartford/West Hartford line. All units are very large 1-bedroom apartments with spacious interiors-highly attractive to tenants and easy to lease. The offering also includes the neighboring property 486 Prospect Ave., formerly used as an architect's office, with additional residential units and untapped potential. Currently generating an almost 8 cap, this investment offers tremendous value-add potential. Rents are currently under market, presenting a clear path to increased cash flow and maximized NOI through strategic rent adjustments and light upgrades. This is a rare chance to secure a high-performing asset in a desirable rental area with strong fundamentals. Agent related. Financials in attachments.
Location
State CT
County Hartford
Zoning N2-2
Interior
Heating Hot Water,Radiator
Cooling None
Exterior
Exterior Feature Sidewalk,Deck,Gutters,Lighting
Parking Features Detached Garage,Parking Lot,On Street Parking,Off Street Parking
Garage Spaces 2.0
Waterfront Description Not Applicable
Roof Type Flat
Building
Lot Description Level Lot
Foundation Brick,Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
Middle Schools Per Board Of Ed
High Schools Per Board Of Ed