Price Reduction
Address
32-48 Huntington Street, Hartford, CT
Price
$ 6,800,000
Property Attributes
  • MLS#170555167
  • TypeMulti-Family
  • CountyHARTFORD
  • CityHartford
  • Zip06105
  • Style
  • Price$ 6,800,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage74000
  • Lot Size9,583 SqFt
Data Source:
Smart MLS
Property Description

RARE opportunity to own 68 units on one parcel in the Asylum Hill area of Hartford near the Hartford Insurance and St Francis Hospital.. This offering consists of 5 adjacent, brick buildings and a lot next door with opportunity to build more units on. Robust unit mix ranging from studios to 4 bedroom multi-level townhomes. Several of the larger units also have 2 full bathrooms. The range of unit type and pure size of unit is incredibly rare in the local market.This asset was gutted to the studs approximately 25 years ago. Since then, the current owner has renovated over 30 units and made a significant investment in cleaning up the tenant base and correct any arrears. This property has several amenities spanning from: secured entry with pass card systems, large fenced in parking lot (recently paved), laundry rooms, updated electrical with subpanels in each unit, and an onsite office. Recent mechanical upgrades include: buildings 36 and 46 have new circular pumps, building 40 has new water heaters, buildings 46 and 48 have roofs that are around 5 years old, and a few of the boilers have been replaced. This opportunity offers the savvy investor an incredible opportunity to secure a sizable asset in a prime Hartford location with modernized units ready for market rent. The Cozzi Team is assisting the owner in leasing up the asset and performing diligent and thorough credit, background and eviction checks on any new applicants and tenants.

Elementary School High School
Per Board Of Ed Elementary School Per Board Of Ed High School
Price History
3/10/2023 Listed $7,000,000
2/15/2024 3% - $6,800,000

General Features

Exterior Features Lighting,Sidewalk
Zoning NX-1
Year Built 1968
Neighborhood N/A
Heater Type Baseboard
County Hartford
Property SubType Other
Property Type Multi-Family For Sale
Status Active
Acres 0.22
Directions Per GPS
High School Per Board of Ed
City Hartford
Handicap Features Ramps
Street Name Huntington
Elementary School Per Board of Ed
Sq Ft Total 74000
DOM 348
Video Tour Y/N Yes
Year Built Source Public Records

Interior Features

Cooling System Window Unit,None
Basement Description None
Hot Water Electric,Natural Gas
Total Number of Units 68

Exterior Features

Water Source Public Water Connected,Public Water In Street
Garage Parking Paved,Assigned Parking,Off Street Parking
Lot Description Level Lot
Color Brick
WaterfrontDescription Not Applicable

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 06105

Price
AVG $1.5M
$6.8M
Visits
AVG 172
533
Data Provided by Inside Real Estate®
Year Built
AVG 1923
1968
Walkscore
AVG 72
67
Data Provided by Walkscore® not using MLS data