61 Park Rd West Hartford, CT 06119
R-6 6,000 (2) Multifamily residence districts. (a) The purpose of the multifamily residence districts is to provide areas for those residents who cannot or do not wish to have personal responsibility for the maintenance of residential property or who cannot assume financial obligations of owning or maintaining individual residential dwellings or who, for oth…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
R-6 · West Hartford, CTR-6 6,000 (2) Multifamily residence districts. (a) The purpose of the multifamily residence districts is to provide areas for those residents who cannot or do not wish to have personal responsibility for the maintenance of residential property or who cannot assume financial obligations of owning or maintaining individual residential dwellings or who, for other reasons, prefer the more urbanized environmental character associated with multifamily residential areas. As in one-family residential areas, it is intended that nonresidential uses be limited to those necessary or desirable and compatible in the midst of residential areas and only those uses listed as permitted and as regulated in such districts are considered to be compatible. (b) The types of multifamily residence districts, which vary primarily in minimum requirements for lot areas, dimensions and other spatial standards, are as follows: District Square Feet of Land Area Per Dwelling Unit RM-4 Multifamily Residence 4,000 RM-3 Multifamily Residence 3,000 RM-3R Multifamily Restricted Residential 3,000 and a maximum of 2 dwelling units per lot RM-2 Multifamily Residence 2,000 RM-1 Multifamily Residence 1,000 RM-MS Multifamily, Multistory Residence 1,000 RO Residence-Office District 1,000 RP Residence-Parking 3,000 B. Business districts. The business districts contained in this chapter are established in order to provide for a variety of areas to serve the diverse needs of the Town's population and business community. Only such uses are permitted in the business districts which are mutually compatible and which serve best the specific functions which the various districts are intended to fulfill. (1)
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.