241 Westland St
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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 | Property Subtype | Apartment |
Price Per Unit | £62,462 | Building Class | C |
Sale Type | Investment | Lot Size | 0.17 AC |
Net Initial Yield | 8.46% | Building Size | 10,051 SF |
No. Units | 6 | Number of Floors | 3 |
Property Type | Residential | Year Built | 1920 |
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
Parcel Number | HTFD-000217-000107-000081 | Improvements Assessment | £119,352 |
Land Assessment | £20,766 | Total Assessment | £140,119 |
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 |
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241 Westland St
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