Brick South End Multi w/8% CAP rate
Brick Multi in the South End with 8% CAP rate
Marketing description
6 Units
All 2.5 Bed/1 Bath Units
100% Occupied
Unit Updates Throughout
On-Street Parking
8% CAP
To be purchased with 89 Barbour St, Hartford: 7 units, mixed-use $800,000 / 9% CAP
Investment highlights
38 Redding Street is a 6-unit multifamily located in the South End with 8% CAP rate, offering (6) 2.5-bedroom, 1-bath units with roughly 940 SF each. the property is 100% occupied. Units feature hardwood floors throughout with some kitchen and bath updates. Utilities are separately metered and tenant-paid (gas heat and hot water). No on-site laundry and mostly on-street parking. There is a private, paved driveway with tandem parking for a couple cars. Conveniently located in the south end, walking distance to Colt Park, near Downtown Hartford, Hartford Hospital, major highways, public transportation, shopping, and neighborhood amenities, this is an excellent start or addition to any investment portfolio.
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