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631 Farmington Avenue, Hartford, CT 06105
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$1,700,000
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Home Details for 631 Farmington Avenue
Price
$1,700,000
Type
Commercial/Industrial
Year Build
1960
Lot Size
0.78
County
Hartford
Tax
$65,211
MLS®️ Listing#
24124890
On exitrealty.com
135 days
Property Description
Attention investors! This turnkey commercial office building presents an excellent opportunity for those looking to expand their portfolio with stabilized rental income. Fully leased until 2030 with two long term tenants. Larger unit has occupied the building 35+ years, and the second tenant has been there 14 years. Leases increase annually by 2.5%. Situated in Hartford's West End, with easy highway access and public transit. Substantial upgrades include energy efficient lighting, new fire alarm system, new HVAC system, updated restrooms, and a complete renovation of the second floor. Ample parking (50+ spaces) located on the front, side, and rear of the building. The partially finished basement offers potential to further maximize rental revenue. Minimal owner responsibility, this property would be ideal for a 1031 exchange or for the newer investor looking to get into commercial real estate. Detailed expense sheet available upon request.
- Heating Information
- Natural Gas
- Forced Air
- Cooling Information
- Central Air
- Water Features
- Public
Listing Courtesy: Dave Jones Realty, LLC - (860) 336-9290. Presented by: Stephanie Ossowski
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