For Sale
$650,000

300 Garden StHartford, CT 06112

High-Yield Multifamily Investment in CT

Overview

Added:
Dec 11, 2024
Days on market:
114
This six-unit apartment building in Hartford, Connecticut, presents a compelling investment opportunity. Located at 300 Garden St, 06112, this property boasts 6,384 square feet and offers a strong 5.38% cap rate with a current Net Operating Income (NOI) of $35,000. All six units are currently occupied, achieving 100% occupancy as of September 11, 2024. Five units are occupied by tenants under one-year leases, and the sixth unit is occupied by a property supervisor who provides 24/7 on-site management. Each unit features three bedrooms and one bathroom with an identical layout. Recent improvements include a new roof and two 80-gallon water heaters, ensuring reliable service. The landlord covers all utilities, including heating via a single furnace system for the entire building. The asking price is $650,000, translating to $108,333.33 per unit. Showings require 24-hour notice

Highlights

  • Six-unit apartment building in Hartford, CT, offering a 5.38% cap rate and $35,000 NOI.
  • Located at 300 Garden St, 06112, with 6,384 square feet.
  • 100% occupancy (as of September 11, 2024); five one-year leases, one unit occupied by on-site property manager.
  • Six identical three-bedroom, one-bathroom units.
  • Recent improvements include a new roof and two new 80-gallon water heaters.
  • Landlord pays all utilities; building features a single furnace system.

Property Details for 300 Garden St

Property type
Apartment buildings
Square Feet
6,384 SF
Units
6

Location Insight

City
Hartford
County
Hartford
State
Connecticut
Latitude
41.776545
Longitude
-72.6858692
300 Garden St, Hartford, Connecticut

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
300 Garden St
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message