52 Tremont St - Tremont Street Portfolio
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52 Tremont St - Tremont Street Portfolio
5 Unit Apartment Building Offered at £671,508 at a 8.06% Net Initial Yield in Hartford, CT 06105
Investment Highlights
- Easy commutability to downtown metro
- 24 car garage with ancillary income
- Lots of natural light
Executive Summary
USMF is pleased to present the Tremont Street Portfolio. This 2 building 5-unit portfolio has great cash flow benefiting from a 24 car garage around the rear of the property. This ancillary income helps produce strong cash flow in an already very desirable renter market.
Tenants currently have below market rents in place, a tail wind for new ownership to come in and raise rents to marketable levels. Tenants are responsible for their own utilities and have ample off street parking and onsite laundry.
Hartford is seeing development growth as new businesses and multifamily builders come to the market. With a rent growth tailwind the market is seeing growth from it's tenant base as new infrastructure and a younger demographic flood the market.
Tenants currently have below market rents in place, a tail wind for new ownership to come in and raise rents to marketable levels. Tenants are responsible for their own utilities and have ample off street parking and onsite laundry.
Hartford is seeing development growth as new businesses and multifamily builders come to the market. With a rent growth tailwind the market is seeing growth from it's tenant base as new infrastructure and a younger demographic flood the market.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £671,508 | Property Type | Residential |
| Price Per Unit | £134,302 | Building Class | C |
| Sale Type | Investment | Building Size | 8,000 SF |
| Net Initial Yield | 8.06% | Average Occupancy | 100% |
| Sale Conditions | Portfolio Sale | Number of Floors | 3 |
| Gross Rent Multiplier | 7.6 | Year Built | 1920 |
| No. Units | 5 |
| Price | £671,508 |
| Price Per Unit | £134,302 |
| Sale Type | Investment |
| Net Initial Yield | 8.06% |
| Sale Conditions | Portfolio Sale |
| Gross Rent Multiplier | 7.6 |
| No. Units | 5 |
| Property Type | Residential |
| Building Class | C |
| Building Size | 8,000 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 1920 |
Unit Amenities
- Balcony
- Dishwasher
- Deck
- Dining Room
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 3+2 | 3 | £1,106 | 1,100 |
1 of 1
Walk Score ®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | HTFD-000134-000379-000024 | Improvements Assessment | £151,469 (2024) |
| Land Assessment | £63,209 (2024) | Total Assessment | £214,677 (2024) |
PROPERTY TAXES
Parcel Number
HTFD-000134-000379-000024
Land Assessment
£63,209 (2024)
Improvements Assessment
£151,469 (2024)
Total Assessment
£214,677 (2024)
-
Mallory Chila -
Ian Rawlinson -
Julian Yuliawan -
USMF
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52 Tremont St - Tremont Street Portfolio
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