Updated Residential Income
For Sale
$365,000
Pending
32 Wells Ave, East Hartford, CT 06108
Updated kitchens and bathrooms with washer/dryer connections and a two-car garage.
Property Size1,524 SF
Days on Market112
Property Features for 32 Wells Ave
General Information
Standard status
Pending
Size
1,524 SF
Property subtype
Multi-Family
Building Details
Year Built
1888
Listing Agency:
Coldwell Banker Realty
Listed By:
Glenn A. Kohrs (860) 331-1137
(860) 331-1137
Source:
Yourcthomeguide
Added: Jul 5
Changed: Oct 1
Last Checked: Oct 23 at 7:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property features newer, updated kitchens and bathrooms. It also includes washer/dryer connections for tenant convenience and a two-car garage.
The property is described as somewhat walkable and somewhat bikeable based on WalkScore and BikeScore figures provided in the remarks.
The available information focuses on the unit updates and key included utilities connections, without specifying additional building, layout, or tenancy details.
The property is described as somewhat walkable and somewhat bikeable based on WalkScore and BikeScore figures provided in the remarks.
The available information focuses on the unit updates and key included utilities connections, without specifying additional building, layout, or tenancy details.
Key Highlights
- Year built: 1888
- Updated kitchens and bathrooms
- Washer/dryer connections available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,561
Cap Rate
5.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,220
$411.2K
Cap Rate 7%
$293,729
$293.7K
Cap Rate 9%
$228,456
$228.5K
Market Conditions
NOI Build-Up for 1,524 SF
Gross rent
$39.7K $26.04/SF
− Vacancy
−$2.3K −$1.51/SF
EGI
$37.4K $24.53/SF
− OpEx
−$16.8K −$11.04/SF
NOI
$20.6K $13.49/SF
Area
Hartford, CT
Vacancy
5.80%
Lease Rate
$26.04 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,220
Cap Rate 7%
$293,729
Cap Rate 9%
$228,456
Alternative Uses
Best Use
Apartment 5plus
$293.7K
$257.0K – $342.7K
NOI $20,561 @ 7.0% cap · market cap 5.63%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$454.3K
$397.5K – $530.0K
NOI $31,798 @ 7.0% cap · market cap 8.71%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
915
Businesses Nearby
Explore this area
Business Placement
Demographics for 06108, CT
24,201
Population
9,963
Households
2.4
Avg Household Size
38
Median Age
15%
College-Educated
85%
High-School Grad
8.1 sq mi
ZIP Area
2,988
Density / Sq Mi
$55,766
Median Household Income
$35,801
Median Earnings
$1,161
Median Rent
$218,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Multifamily property - Updated kitchens and bathrooms with washer/dryer connections and a two-car garage.
Where is this multifamily property located?
The property is located at 32 Wells Ave East Hartford, CT.
What is the asking price?
The asking price for this property is $365,000.
What are key features of this property?
This property features: Year built: 1888; Updated kitchens and bathrooms; Washer/dryer connections available
