For Sale
$275,000

353 Wethersfield AveHartford, CT 06114

Six-unit apartment building, rehab opportunity, tax abatement.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a six-unit apartment building located at 353 Wethersfield Avenue in Hartford, Connecticut, 06114. The property is a three-story building comprising six individual units, each featuring two bedrooms and one bathroom. Priced at $275,000, this translates to an attractive price per unit of $45,833.33. This represents a compelling entry point into the Hartford multifamily market. The building presents a significant rehabilitation opportunity for a savvy investor. A key advantage for potential buyers is the inclusion of a ten-year tax abatement, substantially reducing property taxes and enhancing the overall return on investment. The property's location in Hartford County provides access to various amenities and transportation networks. The precise latitude and longitude coordinates are 41.7458486, -72.6734231. This property is an excellent chance to acquire a multifamily asset with considerable upside potential, thanks to the rehabilitation opportunity and the substantial tax benefits. The building's solid foundation and existing structure provide a strong base for a value-add strategy. This is an ideal opportunity for investors seeking a hands-on project with significant long-term returns.

Highlights

  • $275,000 asking price for a six-unit apartment building.
  • Multifamily property with six units in a single three-story building.
  • Located at 353 Wethersfield Ave, Hartford, CT 06114.
  • Each unit features two bedrooms and one bathroom.
  • Property qualifies for a 10-year tax abatement.

Property Details for 353 Wethersfield Ave

Property type
Apartment buildings
Buildings
1
Stories
3
Units
6

Location Insight

City
Hartford
County
Hartford
State
Connecticut
Latitude
41.7458486
Longitude
-72.6734231
353 Wethersfield Ave, Hartford, Connecticut

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353 Wethersfield Ave
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