11 UNIT INVESTMENT: Hartford, CT 11.11% Cap Rate, South End

 

$525,000

1880 Broad Street, Hartford, CT

Amodio & Co. Real Estate is pleased to offer 1880 Broad Street, a fully leased 11-unit apartment building located in Hartford, Connecticut’s South End neighborhood. 1880 Broad Street was built in 1923 and was extensively renovated in the late 1990s. At that time the property contained 18 units. As part of the renovations the property was downsized to its current 11 unit configuration.

1880 Broad Street features extremely large apartments with high rental income. The large unit size and high rent rates along with strong occupancy makes for a turnkey investment opportunity. The unit mix is made up of (3) one bedroom, (1) two bedroom, (2) three bedroom and (5) four bedroom apartment units. The property has been improved with many unit interior upgrades, a new HB Smith gas boiler, new replacement windows and a new roof.

1880 Broad Street is located within the South End neighborhood of Hartford within a half mile to the Wethersfield town line and in close proximity to the Silas Deane Highway, Route 15 and Interstate 91. This mixed use area, between New Britain Avenue and Maple Avenue, makes for a convenient and central location.