300 Garden St Hartford, CT 06112

This six-unit apartment building in Hartford, Connecticut, presents a compelling investment opportunity. Located at 300 Garden St, 06112, this property boasts 6,384 square feet and offers a strong 5.38% cap rate with a current Net Operating Income (NOI) of $35,000. All six units are currently occupied, achieving 100% occupancy as of September 11, 2024. Five units are occupied by tenants under one-year leases, and the sixth unit is occupied by a property supervisor who provides 24/7 on-site management. Each unit features three bedrooms and one bathroom with an identical layout. Recent improvements include a new roof and two 80-gallon water heaters, ensuring reliable service. The landlord covers all utilities, including heating via a single furnace system for the entire building. The asking price is $650,000, translating to $108,333.33 per unit. Showings require 24-hour notice