Multifamily Property for Sale
West Hartford, CT
Northeast Private Client Group is pleased to present the Farmington Avenue Apartments, a 16 unit multifamily property located in West Hartford, Connecticut.
The Farmington Avenue Apartments is comprised of 16, two bedroom, one bathroom flats. The portfolio is made up of four adjacent buildings, each standing on their own parcel. Each building houses four units. Heat and hot water is provided by central natural gas units and is included in the rent. Tenants are responsible for their own electric expense. The property features amenities including private garage bay parking, at no additional charge to the tenant, as well as the ability for washer and dryer hookup. There is also ample parking for additional tenant vehicles and visitors. The property has been meticulously maintained throughout the duration of ownership and feature updates including windows, common areas and parking lot.
Boasting a park like setting, the Farmington Avenue Apartments are a desirable rental property. The location provides easy walkability to area attractions such as Blue Back Square and West Hartford Center. Built on +/- 1.22 acres of land, the property spans the entire block, with access from side street, Arlington Road and Grennan Road. A new investor can realize upside through unit modernization and increased rents. There is also the potential to add value through garage parking and storage income in a competitive downtown location. Possible exit strategy’s include condo conversions or development.
West Hartford, Hartford County, CT