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    133 Babcock St Hartford, CT 06106-1304

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    133 Babcock St Hartford, CT 06106-1304


    • Apartment buildings
    • 0.17 lot acres
    Off-Market
    Last Sale Jan 30, 2023
    $183,500
    Property ID
    US15-0046389
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Babcock Gift / Auto Repair Shop

    Property Details for 133 Babcock St

    Lot size
    0.17 lot acres
    Zone code
    NX-2
    Property type
    Apartment buildings
    APN
    HTFD M:203 B:422 L:112
    APU
    HTFDM203B422L112

    Description

    This exceptional investment opportunity presents a fully renovated, five-unit multifamily property located at 133 Babcock St, Hartford, CT 06106. The property consists of two buildings situated on a 0.19-acre lot, offering a compelling blend of income generation and potential for owner-occupancy. The front building is a three-family structure, featuring three 3-bedroom, 1-bathroom units, each boasting updated kitchens, hardwood flooring, modern lighting, new cabinets, remodeled bathrooms, fresh paint, new appliances, and updated heating systems. All units include laundry hookups and pantries. Utilities (gas for heat, hot water, and cooking, plus electricity) are separately metered and paid by tenants. The rear building is a large duplex, comprising a 4-bedroom unit and a 2-bedroom unit, presenting a significant opportunity to increase rental income. Utilities are also separately metered and tenant-paid. Both buildings feature asphalt shingle roofs. The property boasts five off-street parking spaces and benefits from a 100% occupancy rate, generating a current Net Operating Income (NOI) of $67,333, representing a 9.29% capitalization rate. Pro-forma NOI is projected at $84,517, yielding an 11.66% cap rate. Built in 1880 and extensively renovated in 2023, this Class D property is zoned NX-2 and offers a total of 5,500 square feet. Its prime location in Hartford's Frog Hollow neighborhood provides convenient access to downtown Hartford, Hartford Hospital, Bushnell Park, major highways, public transportation, and a variety of shops and restaurants. The asking price is $725,000, or $145,000 per unit. This is a turnkey investment with strong cash flow potential in a desirable location.


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    Location Insight

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    • Local Demand
    City
    Hartford
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.6896
    Latitude
    41.7599
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $14,547
    $21,980
    $189,000
    $210,980
    -
    $0.00
    $0.00
    $0.00
    More about this property
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