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660 Farmington Ave

Hartford CT 06105

5
5
0.23 ac.
Multi-Family
Currently for sale - view listing

Overview

“The Carlyle” consists of 18 1 bed/1bath units and is located less than 1 block away from bustling West Hartford. The building is full of character including gleaming hardwood floors, French doors and built-in hutches. The property’s location, condition and occupancy levels offer an investor a superb opportunity to own within Hartford's multifamily market. The three-story brick building was constructed in 1920, totals13,755 square feet and is situated on .33 acres. Rents increased 26% from Year over Year since March 2020, when majority ownership took over Property Management. Ownership has remodeled several units with top of the line finishes, including: stainless appliances, granite countertops, modern flooring, shaker cabinets, decorative backsplashes, attractive lighting and cordless shades. These units have achieved over $200 premiums as compared to classic units. Pride of ownership is evident as the common areas have been recently upgraded with new flooring, paint, and LED lighting, enhancing the curb appeal, and paving the way for additional unit renovations. The Landlord is responsible for heat, water, sewer and common area electric. Hot water heater brand new. The tenants pay electric and the electric has been updated to circuit breakers and there are subpanels for each unit. The building has newer windows, a flat roof and on-site laundry facilities. This asset can be purchased individually or as part of the 505 Unit “Historic West End Portfolio.”

Features

5 bedrooms
5 bathrooms
0.23 ac. lot size
Multi-Family

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