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241 Westland St

6 Unit Block of Flats £374,775 (£62,462/Unit) 8.46% Net Initial Yield Hartford, CT 06112

Investment Highlights

  • Convenient Location
  • Value-Add Potential
  • Separate Utilities
  • Strong Rental Demographics & Demand

Executive Summary

Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at 241-245 Westland Street in Hartford, Connecticut (the “Property”). The Property is comprised of a three-story building containing six (6) residential units comprised of five (5), 2-Bedroom/1-Bathroom units and one (1), 3-Bedroom/1-Bathroom unit with 7,020 square feet of living area in 10,051 square feet of total area on a 0.17-acre parcel of land. The Property offers a detached four bay garage and ample on-site parking in the rear of the building. The Property is well-located on a tree-lined residential street in the North End neighborhood of Hartford. The Property is 0.6-miles from Main Street, 2-miles from downtown Hartford, and the location offers convenient access to major roadways (Main Street and Albany Avenue/US Route 44 and Interstates 91 & 84), area highways, public transportation, numerous public schools, parks, retail, and entertainment amenities.

Property Facts

Price £374,775
Price Per Unit £62,462
Sale Type Investment
Net Initial Yield 8.46%
No. Units 6
Property Type Residential
Property Subtype Apartment
Building Class C
Lot Size 0.17 AC
Building Size 10,051 SF
Number of Floors 3
Year Built 1920

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
HTFD-000217-000107-000081
Land Assessment
£20,766
Improvements Assessment
£119,352
Total Assessment
£140,119

zoning

Zoning Code NX-1
NX-1
  • Listing ID: 33564105

  • Date on Market: 18/10/2024

  • Last Updated:

  • Address: 241 Westland St, Hartford, CT 06112

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