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33257911
33257933

2 Locations For Sale

AV
CT REB.0795536
VC Property Group LLC
Listed by VC Property Group LLC
$1,550,000
47 days on market
Updated 24 days ago
Opportunity zone

South End Six Family Package

Details
APN 09003064-248450026
Property Type Multifamily
Sub Type Apartment Building
Square Footage 12,669
Units 11
Cap Rate 8.01%
NOI $124,169
Occupancy 100%
Pro-Forma Cap Rate 9.42%
Pro-Forma NOI $145,971
Price per SqFt $122
Class C
Year Built 1890
Buildings 2
Acreage 0.280
Zoning MS-2
Investment Type Stabilized

Two six family apartment buildings in the South End of Hartford

Marketing description

Rare opportunity to acquire a 12-unit multifamily portfolio consisting of two 6-family

properties located at 196 Park Street and 38 Brown Street in Hartford, Connecticut.

Offering immediate scale, strong in-place cash flow, and operational efficiencies, this

package is ideal for investors seeking a larger multifamily asset in one of Connecticut's

strongest rental markets.

The portfolio features a desirable mix of six 3-bedroom units and six 2-bedroom units,

appealing to a broad tenant base and supporting long-term occupancy. Both properties

benefit from tenant-paid utilities, off-street parking, public water and sewer, and gas

heat, helping to minimize operating expenses and maximize investor returns.

Currently operating at strong occupancy levels, the portfolio offers additional upside

through continued rent growth and stabilization to market rents. The combination of

larger family-sized units and Hartford's ongoing demand for affordable workforce

housing creates a compelling long-term investment profile. Conveniently located near

downtown Hartford, major employers, hospitals, universities, public transportation, and

interstate highways, the properties benefit from excellent accessibility and a deep tenant

pool.

Investment highlights

  • Fully Stabilized
  • Brick Buildings
  • South End / Frog Hollow

Listing Contacts

AV
CT REB.0795536
VC Property Group LLC
Listed by VC Property Group LLC

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$124,169.00
$10,347.42/mo

Valuation Metrics

0
DSCR
8.01%
Cap Rate
8.01%
ROI

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Additional Information

Name
Anthony Velez
License
REB.0795536
Brokerage
VC Property Group
Title
CEO
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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