12 Units | West End Neighborhood w/Value Add! | 252 Sisson Ave
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12 Units | West End Neighborhood w/Value Add! 252 Sisson Ave
12 Unit Block of Flats £671,508 (£55,959/Unit) 10.20% Net Initial Yield Hartford, CT 06105
Investment Highlights
- West End Neighborhood
- 24+% ROI Pro-Forma
- Driveway w/Some Rear Parking
- 12 Units, 1 Building
- Brick Building
- Value Add Opportunity
Executive Summary
Rarely available, 12 unit brick building in the city's West End neighborhood with a current 10+% CAP and big value add opportunity. Property consists of all 1 bed/1 bath apartments with roughly 725 SF each. There is separate & tenant paid electric + central and owner paid gas H&HW (1 furnace and 2 newer hot water tanks). There is currently no laundry in the building. The property features fire rated doors to the exterior and units. The trash is city pick up (no dumpster). There are a few tandem parking spaces on the side and a fenced area w/additional parking in back. Unit renovations needed + rents are below market = great upside potential! Location is desirable for tenants - close to West Hartford, highway access and plenty of shops, restaurants and other amenities. 24+% ROI pro-forma.
Property Facts
| Price | £671,508 | Apartment Style | Low Rise |
| Price Per Unit | £55,959 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Net Initial Yield | 10.20% | Building Size | 8,742 SF |
| Sale Conditions | Deferred Maintenance | Average Occupancy | 80% |
| No. Units | 12 | Number of Floors | 3 |
| Property Type | Residential | Year Built/Renovated | 1920/2020 |
| Property Subtype | Apartment | Parking Ratio | 0.46/1,000 SF |
| Price | £671,508 |
| Price Per Unit | £55,959 |
| Sale Type | Investment |
| Net Initial Yield | 10.20% |
| Sale Conditions | Deferred Maintenance |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 8,742 SF |
| Average Occupancy | 80% |
| Number of Floors | 3 |
| Year Built/Renovated | 1920/2020 |
| Parking Ratio | 0.46/1,000 SF |
Unit Amenities
- Cable Ready
- Eat-in Kitchen
- Wooden Floors
- Refrigerator
- Range
- Handrails
- Porch
Site Amenities
- Rubbish Collection - Kerbside
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 12 | £1,027 | - |
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Walk Score ®
Very Walkable (83)
PROPERTY TAXES
| Parcel Number | HTFD-000134-000394-000202 | Improvements Assessment | £284,964 |
| Land Assessment | £83,228 | Total Assessment | £368,192 |
PROPERTY TAXES
Parcel Number
HTFD-000134-000394-000202
Land Assessment
£83,228
Improvements Assessment
£284,964
Total Assessment
£368,192
zoning
| Zoning Code | RO2 |
| RO2 |
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12 Units | West End Neighborhood w/Value Add! | 252 Sisson Ave
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