45-47 School St Hartford, CT 06183

Property Details for 45-47 School St

Year built

1927

Lot size

0.19 lot acres

Property size

4,950 SF

Property type

Commercial real estate

Description

This exceptional six-unit multifamily property, located at 45-47 School Street in Hartford, Connecticut, presents a compelling investment opportunity. The 4,950 square foot building sits on a 0.19-acre lot and is offered at $775,000. Each of the six apartments features two bedrooms and one bathroom, boasting an open eat-in kitchen/living room floor plan and hardwood floors. Many units have undergone recent kitchen and bathroom updates. The property also includes a valuable bonus: six garages located at the rear of the building, providing additional income potential or convenience for residents. The building benefits from a stable tenant base and a historically low vacancy rate. Utilities are separately metered, with tenants responsible for hot water and electricity. Heating is a mix of tenant-paid and owner-paid, with two units covered by tenants and four by the owner. This property enjoys an enviable location, within walking distance of Hartford Hospital and Trinity Athletic Field. Its proximity to downtown Hartford, Trinity College, major highways, public transportation, and a wealth of shops and restaurants ensures high tenant demand and strong rental income. This is a cash-flow positive investment in a highly desirable area.

Location Insight

City

Hartford

County

Hartford

State

Connecticut

Longitude

-72.6856

Latitude

41.7474