Rare opportunity to acquire a 12-unit multifamily portfolio consisting of two 6-family properties located at 196 Park Street and 38 Brown Street in Hartford, Connecticut. Offering immediate scale, strong in-place cash flow, and operational efficiencies, this package is ideal for investors seeking a larger multifamily asset in one of Connecticut's strongest rental markets. The portfolio features a desirable mix of six 3-bedroom units and six 2-bedroom units, appealing to a broad tenant base and supporting long-term occupancy. Both properties benefit from tenant-paid utilities, off-street parking, public water and sewer, and gas heat, helping to minimize operating expenses and maximize investor returns. Currently operating at strong occupancy levels, the portfolio offers additional upside through continued rent growth and stabilization to market rents. The combination of larger family-sized units and Hartford's ongoing demand for affordable workforce housing creates a compelling long-term investment profile. Conveniently located near downtown Hartford, major employers, hospitals, universities, public transportation, and interstate highways, the properties benefit from excellent accessibility and a deep tenant pool.
47 days
|
229
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10
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Zillow last checked:
Listing updated:
Listed by:
Connor T. Wenchell(860)343-7800,
VC Property Group, LLC860-300-3102
Source: Smart MLS,MLS#: 24179656
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Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 30
Bathrooms: 12
Full bathrooms: 12
Heating
Hot Water, Natural Gas
Cooling
None
Appliances
Included: Gas Water Heater, Water Heater
Features
Basement: Full
Attic: None
Has fireplace: No
Interior area
Total structure area: 5,541
Total interior livable area: 5,541 sqft
Finished area above ground: 5,541
Property
Parking
Total spaces: 10
Parking features: Paved, Off Street
Lot
Size: 0.28 Acres
Features: Level
Details
Parcel number: 596841
Zoning: NX-2
Construction
Type & style
Home type: MultiFamily
Architectural style: Units on different Floors,Units are Side-by-Side
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Principal & interest
$1,547
Mortgage insurance
$0
Property taxes
$170
Home insurance
$105
HOA fees
$0
Utilities
Not included
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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