252 Sisson Ave Hartford, CT 06105

This exceptional multifamily investment property, located at 252 Sisson Ave in Hartford, Connecticut's desirable West End neighborhood, presents a compelling value-add opportunity. The 1920-built, three-story brick building encompasses 8,742 square feet and features twelve one-bedroom, one-bathroom apartments, each approximately 725 square feet. Currently operating at 85% occupancy, the property generates a net operating income (NOI) of $86,686, representing a 10.20% capitalization rate. A pro-forma analysis projects a significantly improved NOI of $105,313 and a 12.39% cap rate, reflecting substantial upside potential. The asking price is $850,000, translating to $70,833.33 per unit and $97.23 per square foot. The building benefits from five parking spaces, a mix of tandem and fenced rear spaces. Utilities are a blend of tenant-paid electric and owner-paid gas for heat and hot water (served by one furnace and two newer hot water tanks). The property is zoned NX-2 and sits on a 0.18-acre lot. Significant value-add potential exists through unit renovations and rent increases to market rates. The building features fire-rated exterior and interior doors. Trash removal is handled by city services. Its convenient location offers easy access to West Hartford, major highways, and a wealth of local amenities, making it highly attractive to renters. This property is a rare find, offering strong current returns and significant future growth prospects.