Sold

478 Prospect Avenue, Hartford, CT 06105

Beds
16
Baths
16
Sqft
8,352
Garage
Yes

View property features, location on map, relevant school information and overview from seller's agent.

Listed byPremier R.E. Investment Group
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Overview

High-Yield Multi-Unit Investment on the West Hartford Line: Exceptional opportunity to acquire a well-maintained 12-unit brick building on 478 Prospect Ave., ideally located on the Hartford/West Hartford line. All units are very large 1-bedroom apartments with spacious interiors-highly attractive to tenants and easy to lease. The offering also includes the neighboring property 486 Prospect Ave., formerly used as an architect's office, with additional residential units and untapped potential. Currently generating an almost 8 cap, this investment offers tremendous value-add potential. Rents are currently under market, presenting a clear path to increased cash flow and maximized NOI through strategic rent adjustments and light upgrades. This is a rare chance to secure a high-performing asset in a desirable rental area with strong fundamentals. Agent related. Financials in attachments.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
16
Number of bathrooms
16
Square feet
8,352
Lot size (acres)
0.21
Year built
1928

Interior features

Basement
Yes, Unfinished

Garage and parking

Garage parking spaces
2

Utilities

Heating
Natural gas, Hot water
Cooling
None
Sewer
Public sewer
Water
Public

Taxes

Tax Annual Amount
$30,185

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Smart MLS MLS®#: 24112928 Last checked:

IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.