Unique Multifamily Opportunity
30 Units with Building upgrades and improvements also close proximity to downtown
Marketing description
Berkshire Hathaway Commercial is please to present this exclusive offer located at 22 Evergreen Avenue, Hartford CT. Evergreen Apartments is a unique opportunity as it has been owned and operated by 3 generations. Currently managed by White and Katzman, this property in the sought-after West End neighborhood offers 30 residential units, including 24 one-bedroom and 6 two-bedroom units. The brick building on Evergreen Avenue provides convenience with on-site laundry and basement storage options. Tenants pay for gas and electric while the landlord supplies heat and hot water. This is a great chance to own a property in a desirable location with a long history of ownership and management. Don't miss out on this rare opportunity to invest in 22 Evergreen Ave Apartments.
Over the years, the building has undergone various upgrades to improve functionality and aesthetics. In 2007, the boiler was replaced for efficient heating. From 2005 to 2010, windows were replaced for energy efficiency and improved appearance. In 2016, significant electrical upgrades were completed, ensuring a safer system. In 2019, the front roof and fire-rated doors were replaced for safety. The lobby and stairs were upgraded with new flooring. In 2022, a new telephone intercom system was installed for better communication. Concrete sidewalks were also replaced for safety and appearance. These upgrades demonstrate a commitment to enhancing the building for all residents.
Misc Improvements Summary:
· 2007 Boiler Replaced (Weil McLain)
· 2005-2010 Windows Replaced
· 2016 Electrical Upgrades: Installed new 400amp Main Disconnect, Replaced all Main Panels for Owner’s and all Units from Fuses to Breakers
· 2019 Replaced Front Half of Roof
· 2019 Installed All New Fire-Rated Doors on Units and Common Areas
· 2019 Installed new LVT Flooring and Rubber Stair Treads in Front Lobby Area and Front Stairs
· 2022 Installed New Telephone Intercom System
2022 Replaced Majority of Concrete Sidewalks on Side and Front of Building
Investment highlights
INVESTMENT HIGHLIGHTS:
Total 30 Units Apartment Building located in Harford’s West End Neighborhood
Unit Mix 24 one bedrooms & 6 two bedrooms
Building upgrades and improvements as outlined in offering summary
Onsite Laundry with lower-level storage is optional
Gas Heat
Ample street parking
Property located on Evergreen Avenue, within a few blocks of UConn Law School and The Hartford Seminary School.
Blocks away from downtown Hartford and quick access to Interstates 84 & 91,
Its proximity to world-class employers, restaurants, shopping, and transportation makes it a prime investment opportunity in Hartford's West End.
West Hartford center shopping and restaurants is less than 2 miles away.
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