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31223767

46 Allen Pl, Hartford, CT 06106

RC
MA 134301, CT 0754987 (+3)
United Multi Family Corporation
Listed by United Multi Family Corporation
$1,995,000
75 days on market
Updated 73 days ago
Opportunity zone

21 units in Hartford MA

Details
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 14,132
Units 21
Cap Rate 8.34%
NOI $166,369
Occupancy 95%
Pro-Forma Cap Rate 9.04%
Pro-Forma NOI $180,282
Year Built 1964
Year Renovated 2013
Buildings 1
Lot Size (SqFt) 13,600

Hartford 21 Units

Marketing description

Introducing an exceptional investment opportunity for multifamily and high-rise investors at 46 Allen Pl, Hartford, CT 06106. This well-established property features a 14,132 SF building with 21 residential units, offering strong income-generating potential in a prime urban location. Originally built in 1964, the asset provides a solid foundation for long-term value and strategic improvements. Located in the NX-2 zoning district, the property offers flexible development or value-add opportunities (buyer to verify), allowing investors to maximize the asset’s potential. Ideally situated in the vibrant Hartford market, the property benefits from proximity to employment centers, public transportation, and urban amenities. This offering represents a compelling chance for investors seeking stable cash flow, long term appreciation, and future upside in a growing multifamily market.

Investment highlights

This 21-unit multifamily property consists of approximately 14,132 SF and provides a well-established asset with ongoing rental income potential. Built in 1964, the building offers solid construction and a stable foundation, with opportunities for future updates or improvements. The property is located within an NX-2 zoning district, which may allow for additional flexibility for development or redevelopment (buyer to verify). Situated in a central Hartford location, the asset benefits from access to employment centers, public transportation, and urban amenities. Overall, the property presents a long-term multifamily investment opportunity with potential for consistent cash flow and future upside.

Listing Contacts

RC
MA 134301, CT 0754987 (+3)
United Multi Family Corporation
Listed by United Multi Family Corporation

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$166,369.00
$13,864.08/mo

Valuation Metrics

0
DSCR
8.34%
Cap Rate
8.34%
ROI

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