443 Washington St, Hartford, CT 06106
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 443 Washington St
- Property type
- Commercial real estate
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Apr 1, 2021 | $4,400,000 | Not Available From The Data Source | Not Available From The Data Source | Warranty Deed · related | $3.1M · Bethpage FCU |
| May 10, 2019 | — | Florence Bk | — | Deed · related | — |
| Feb 25, 2019 | $640,000 | Hrh 1040 LLC | Marlin Invs LLC | Warranty Deed | $2.9M · Sabal Cap 3 LLC |
Description
This exceptional investment opportunity presents a portfolio of six multifamily buildings totaling 47 units, strategically located in Hartford, Connecticut. The asking price is $3,900,000, representing a price per unit of $82,978.72 and a compelling 7.44% cap rate with a Net Operating Income (NOI) of $290,114. The portfolio comprises 12 units at 443 Washington St, 8 units at 1004 Broad St, 6 units at 1040 Capitol Ave, 9 units at 1041 Capitol Ave, 6 units at 16 Harper St, and 6 units at 22 Harper St. Recent renovations have modernized kitchens and bathrooms throughout the properties, enhancing their appeal and rental potential. 1006 Broad St underwent a complete renovation in 2019. Five of the locations feature separate meters for gas, hot water, and electricity (tenant-paid utilities), while 443 Washington St includes heat and hot water. This portfolio offers a new owner immediate income generation with the potential for further revenue growth through future rent increases as units turn over. The property is located in Hartford County, Connecticut, with a zip code of 06106. This is a turnkey investment ready for immediate ownership.
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Location Insight
- Map
- Local Demand
- City
- Hartford
- County
- Hartford
- State
- Connecticut
- Longitude
- -72.6837141
- Latitude
- 41.7480443
