$5,000,000 ($111.11 per sqft)

Est. Mortgage $23,662/mo *

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Listing courtesy of Richard Breglia (203) 273-3916, Coldwell Banker Realty (203) 622-1100


275 Westland Street, Hartford, (Upper Albany), CT, 06112

275 Westland Street, Hartford, (Upper Albany), CT, 06112

185 rooms

101 beds

65 Full baths

1959

Units on different Floors

45,000 sqft

INVESTORS TAKE NOTICE! Exceptional opportunity to own a fully renovated, fully occupied 50-unit multifamily asset with below-market rents and tons of upside potential. Three all-brick buildings (20, 15, and 15 units) feature a balanced mix of 6 townhouses, 8 studios, 6 one-bedrooms, 16 two-bedrooms, and 14 three-bedrooms. Originally built in 1959 and completely rebuilt to the studs in 2006 with over $4M invested. Major updates include new roofs, windows, plumbing, electrical (60-amp subpanels per unit), kitchens, and baths. Features dual-fuel hot water baseboard heat, tenant-paid electric with electric stoves, and energy-efficient insulation upgrades. Amenities include 3 laundry rooms ($1.50/load), 6 ADA-compliant units, fire alarm system, secured gated parking with pass card access, and on-site office/storage space. Turn-key, strong cash flow asset with significant rent growth potential.


Status:

Active

Town:

Hartford

Type:

Multi-family

Laundry Remarks:

Coin Op Laundry,Common Laundry Area

Units:

50

Zoning:

NX-1

Heating:

Baseboard

Cooling:

Window Unit

Basement:

Full

Acreage:

0.01

Est. Taxes:

$179,473

Assessment

$2,602,950

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

130

MLS #:

24136144


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