Barbour Street Portfolio

  • Title

    Multifamily Properties for Sale

  • City

    Hartford, CT

  • Price

    $2,652,000

  • Cap Rate

    8.3%

  • No. Units

    48

  • Price/SF

    $77.43

  • Price/Unit

    $54,688

  • No. Stories

    3

  • Building Size

    33,900 SF

Not found amenities.

Northeast Private Client Group is pleased to present the Barbour Street Portfolio. This consists of 404 Barbour Street, 442 Barbour Street and 240 Cleveland Street in Hartford, CT. Within these locations are 4 multifamily buildings with 48 units.

The Barbour Street Portfolio presents an investor with the opportunity to purchase two concrete block buildings (404 Barbour St) and two brick buildings (442 Barbour St and 240 Cleveland St). All locations boast off street parking.These locations are all conveniently within 0.1 miles of each other. The portfolio consists of six studio apartments, twenty-nine 2 bedroom apartments and thirteen 3 bedroom apartments.

The properties are located 1.2 Miles from Interstate 91 and 2 Miles from the Xfinity Theater.

Hartford is the capital of Connecticut and is one of the oldest cities in the United States. The Hartford metropolitan area is ranked 32nd out of 318 metropolitan areas in total economic production. It is also the fourth most populated city in Connecticut with about 124,775 people currently living there. Hartford is nicknamed the “Insurance Capital of the World” due to companies such as Aetna, The Hartford, Harvard Pilgrim Health Care and Conning & Company having their headquarters there.

I-84, I-91 Route 2 and Route 15 all run throughout Hartford. The Amtrak station in Hartford provides service to Vermont and New Haven and Bradley International Airport is about halfway between Hartford and Springfield.

Recently four major building have been renovated for condos and apartments. They include the former 300 room Sonesta Hotel, the former Hartford Civic Center Mall, the Sage Allen department store and E.J Korvette department
store.

Hartford, Hartford County, CT

Barbour Street Portfolio Offering Memo