CT > Hartford
Hartford, CT 06105,478 Prospect Avenue
Hartford, CT 06105,478 Prospect Avenue
Hartford, CT 06105,478 Prospect Avenue
Hartford, CT 06105,478 Prospect Avenue
Hartford, CT 06105,478 Prospect Avenue
Hartford, CT 06105,478 Prospect Avenue
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Diana H. Murphy

Diana H. Murphy

+1(914) 760-5533
$ 1,390,000
Est. payment | /mo

16 Beds

16 Baths

8,352 SqFt

Save
$ 1,390,000
Est. payment | /mo
Save

16 Beds

16 Baths

8,352 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 8,352 sqft

Price per Sqft $166

MLS Listing ID 24112928

Style Other

Bedrooms 16

Full Baths 16

Year Built 1928

Annual Tax Amount $30,185

Lot Size 9,147 Sqft

Property Sub-Type 5 Family+

Property Description

High-Yield Multi-Unit Investment on the West Hartford Line: Exceptional opportunity to acquire a well-maintained 12-unit brick building on 478 Prospect Ave., ideally located on the Hartford/West Hartford line. All units are very large 1-bedroom apartments with spacious interiors-highly attractive to tenants and easy to lease. The offering also includes the neighboring property 486 Prospect Ave., formerly used as an architect's office, with additional residential units and untapped potential. Currently generating an almost 8 cap, this investment offers tremendous value-add potential. Rents are currently under market, presenting a clear path to increased cash flow and maximized NOI through strategic rent adjustments and light upgrades. This is a rare chance to secure a high-performing asset in a desirable rental area with strong fundamentals. Agent related. Financials in attachments.

Location

State CT

County Hartford

Zoning N2-2

Rooms

Basement Full, Unfinished

Interior

Heating Radiator, Steam

Cooling None

Exterior

Exterior Feature Sidewalk, Deck, Gutters, Lighting

Parking Features Detached Garage, Parking Lot, On Street Parking, Off Street Parking

Garage Spaces 2.0

Waterfront Description Not Applicable

Roof Type Flat

Building

Lot Description Level Lot

Foundation Brick, Concrete

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

Middle Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Stanley Gutt • Premier Re Group LLC
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(914) 760-5533

diana@thenyrealtor.com

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478 Prospect Avenue