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1963 Park St Hartford, CT 06106

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For Sale
$1,200,000

Well-maintained apartment building in Parkville with upside potential.

Property size:
7,104 SF
Lot size:
0.12 Acres

Property Features for 1963 Park St

General Information

Standard status
Active
Size
7,104 SF
Lot size
0.12 Acres

Building Details

Year built
1900

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Listing Contact
Amanda Faroni-Sheehan
Amanda Faroni-Sheehan
Source: Corcoran

Listing Agency: Oxford Realty Listing Agent: Amanda Faroni-Sheehan

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Parkville Apartments: Value-Add Opportunity

This well-maintained brick apartment building presents a cash flow opportunity with significant upside potential. The property features one-bedroom, one-bath units, each approximately 590 square feet. The units offer functional, open layouts with eat-in kitchens and living rooms, featuring a mix of vinyl flooring and carpet. Select apartments include updated baths with tile finishes and stand-up showers. Major improvements have been completed, including conversion from oil to gas heat in 2025, installation of hardwired smoke detectors throughout, and energy-efficient motion-sensor lighting in common hallways. Heat and hot water are landlord paid, while the electrical is separately metered and tenant paid. The roof is in good condition, and there are many replacement windows throughout. The property includes five off-street parking spaces at the rear, generating additional monthly income. Located in Parkville, the property is in close proximity to downtown and major highways, and within walking distance to restaurants, shopping, and everyday conveniences. The property size is 7104 square feet.
Location Intelligence

Current Use by Public Records

Apartment buildings

Suggested Use

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Location Insight

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City
Hartford
County
Hartford
State
Connecticut
Longitude
-72.7115372
Latitude
41.7561855

FAQs

What type of property is this?
Apartment building - Well-maintained apartment building in Parkville with upside potential.
Where is this apartment building located?
The property is located at 1963 Park St Hartford, CT.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: - Significant upside potential with a projected 9% pro-forma cap rate due to below-market rents.; - Recent conversion from oil to gas heat in 2025.; - Prime Parkville location, conveniently located near downtown, highways, restaurants, and shopping.
More about this property
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