22 Evergreen Ave Hartford, CT 06105

Property Details for 22 Evergreen Ave

Year built

1922

Lot size

0.35 lot acres

Property type

Commercial real estate

Description

This exceptional value-add opportunity presents a 30-unit apartment building situated at 22 Evergreen Ave, Hartford, CT 06105. This three-story, 1922-built brick building boasts a desirable West End location, just blocks from UConn Law School and The Hartford Seminary, offering easy access to I-84 and I-91. The property features a mix of 24 one-bedroom and 6 two-bedroom units, currently operating at 99% occupancy. Residents enjoy on-site laundry facilities and optional basement storage. Landlords supply heat and hot water, while tenants are responsible for gas and electric. The building has undergone significant upgrades, including a new boiler (2007), window replacements (2005-2010), extensive electrical upgrades (2016), a new front roof and fire-rated doors (2019), updated lobby and stairwell flooring (2019), and a new intercom system (2022). Concrete sidewalks were also replaced in 2022. This well-maintained property sits on a 0.35-acre lot and benefits from ample street parking. Its proximity to downtown Hartford, West Hartford's shopping and dining (less than 2 miles away), and major employers makes it an attractive investment in a thriving neighborhood. The building's strong occupancy rate and recent capital improvements position it for continued success and potential for increased returns. This is a rare opportunity to acquire a well-established multifamily property with a proven track record.