277 Wethersfield Avenue

Hartford CT 06114

7458 sq. ft.

0.05 ac.

Multi-Family

Currently for sale - view listing

Overview

Great investment opportunity in the highly desirable South End! This unique offering includes two buildings on the same lot, providing both immediate cash flow and excellent future income potential. 281-283 Wethersfield Ave features 6 well-maintained units, each offering 4 bedrooms and 1 bathroom, with a total of 7,458 sq ft. The property is fully rented, with most tenants on leases and paying approximately $1,850 per month. Tenants are responsible for their own gas heat, hot water, and electricity, helping keep operating expenses low. The building currently generates approximately $125,400 in gross annual income and delivers strong, consistent cash flow with an attractive cap. 277 Wethersfield Ave offers an exciting value-add opportunity. This 10,692 sq ft building is currently under rehab and has approved plans for 12 two-bedroom units. Major framework has already been completed, and building plans are attached. Once finished, the units are projected to rent for approximately $1,400 per month each, with an estimated gross annual income of about $201,400. A rare chance to own a high-income, multi-building investment property with both stable current returns and significant upside potential!

Features

24 bedrooms

6 bathrooms

12 carspaces

7458 sq. ft. floor area

0.05 ac. lot size

Multi-Family

Property history for 277 Wethersfield Avenue

2024

Rented

Undisclosed

24 Mar 2024 by Premier Properties of CT

2019

Sold

$720,000

20 Sep 2019 by Robert Rekas, of Keller Williams Realty

2017

Rented

Undisclosed

08 Mar 2017 by RE/MAX Renaissance

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