241 Westland StHartford, CT 06112

This three-story, six-unit apartment building in Hartford, CT, offers a compelling value-add investment opportunity. Located on a tree-lined street in the North End neighborhood, the property boasts 7,020 square feet of net rentable space within a total of 10,051 square feet. The building comprises five two-bedroom/one-bathroom units and one three-bedroom/one-bathroom unit. A detached four-bay garage and ample on-site parking provide added convenience. The property sits on a 0.17-acre lot and benefits from a strong rental market with high demand and impressive demographics. Located just 0.6 miles from Main Street and 2 miles from downtown Hartford, it offers easy access to major roadways (including Interstates 91 & 84), public transportation, schools, parks, and various amenities. Each unit features separately metered electricity, gas heat, and hot water, simplifying tenant billing. The landlord is responsible for common area electric, water, and sewer. The asking price is $475,000, representing a price per unit of $79,167 and a price per square foot of $68. The property's NOI is $40,202, resulting in an 8.46% cap rate. Built in 1920, this property presents a chance to increase rental income through strategic upgrades to the existing units. The property's location within a densely populated, renter-dominated market with high average household income further enhances its investment potential.