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32229998
32229997

89 BARBOUR ST, HARTFORD, CT 06120-2001

AF
CT REB.0793328 CT, CT REB.0793328
OXFORD REALTY
Listed by OXFORD REALTY
$1,500,000
37 days on market
Updated 17 days ago

9% CAP Actual: 13 Units w/Cash Flow in Hartford

Details
APN 09003064-240162029
Property Type Multifamily, Mixed Use
Sub Type Apartment Building
Square Footage 13,579
Units 12
Cap Rate 9.06%
NOI $135,869
Occupancy 95%
Tenancy Multi
Pro-Forma Cap Rate 9.98%
Pro-Forma NOI $149,677
Price per SqFt $110
Class D
Year Built 1930
Stories 3
Acreage 0.270
Parking Spaces 2 spaces
Parking Per SqFt 0.15
Investment Type Value Add
Ground Lease No

9% CAP Actual: 13 Units: 2 Bldgs: Hartford w/Cash Flow

Marketing description

Exceptional opportunity to acquire a 9% CAP rate investment: 13-unit mixed-use portfolio consisting of two solid brick assets totaling 13 units (12 residential + 1 commercial) across two buildings. Combined square footage of approximately 13,579 SF with a strong unit mix and in-place cash flow, plus additional upside potential. 38 Redding Street is a 6-unit multifamily located in the South End, offering six 2.5-bedroom, 1-bath units with 5,643 SF. Units feature hardwood floors throughout with some kitchen and bath updates. Utilities are separately metered and tenant-paid. No on-site laundry; on-street parking. 89 Barbour Street is a mixed-use property comprised of six 3-bedroom, 1-bath apartments and one adjacent commercial space, totaling 7,936 SF. The property is 100% occupied, delivering stable, in-place income. Residential units offer hardwood flooring, some kitchen and bath updates, and laundry hookups within each unit. Separate, tenant-paid utilities. On-street parking. Together, the portfolio offers a balanced mix of stabilized income and upside through lease optimization and continued improvements. Ideal for investors seeking scale, strong unit layouts, and diversified income in established rental locations. 10 CAP pro-forma.

Investment highlights

9% CAP ACTUAL

7 Unit Mixed Use

All 3 Bed, 1 Bath Units

100% Occupied

6 Unit Multifamily

All 2.5 Bed, 1 Bath Units

Separate & Tenant Paid Utilities

Hardwood Floors Throughout

Some Kitchen & Bath Updates

Some Units w/Laundry Hook-Up

No Parking = Low Maintenance

10% CAP Rate: Pro-forma

Listing Contacts

AF
CT REB.0793328 CT, CT REB.0793328
OXFORD REALTY
Listed by OXFORD REALTY

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$135,869.00
$11,322.42/mo

Valuation Metrics

0
DSCR
9.06%
Cap Rate
9.06%
ROI

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Additional Information

Name
Amanda Faroni-Sheehan
License
REB.0793328 CT
Brokerage
Oxford Realty
Brokerage Phone
2033144219
Title
Managing Broker
Brokerage Address
151 New Park Avenue
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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