

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