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478 Prospect Avenue, Hartford, CT 06105
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$1,390,000
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Home Details for 478 Prospect Avenue
Price
$1,390,000
Type
Multi Family
Bedrooms
16
Total Bathrooms
16
Full Bathrooms
16
Year Build
1928
Sq. Ft.
8352
Lot Size
0.21
County
Hartford
Total Rooms
46
Garage
2
Basement
Full, Unfinished
Tax
$30,185
MLS®️ Listing#
24112928
On exitrealty.com
151 days
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.
- Parking
- Off Street
- On Street
- Parking Lot
- Heating Information
- Natural Gas
- Hot Water
- Basement
- Full
- Unfinished
- Cooling Information
- None
- Water Features
- Public
School Information
School Information for 478 Prospect Avenue
Elementary School
Per Board of Ed
Middle School
Per Board of Ed
High School
Per Board of Ed
Listing Courtesy: Premier Re Group LLC - (860) 798-5400. Presented by: Stanley Gutt
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