31
See all 31 photos
$1,275,000
Est. payment /mo
12 Beds
10 Baths
12,414 SqFt
Price Dropped by $75K
264 Farmington Avenue Hartford, CT 06105
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Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 12,414 sqft
Price per Sqft $102
MLS Listing ID 24069414
Style Units on different Floors
Bedrooms 12
Full Baths 8
Half Baths 2
Year Built 1928
Annual Tax Amount $32,153
Lot Size 0.290 Acres
Property Sub-Type 5 Family+
Property Description
264 Farmington Avenue is a prominent brick asset situated on a corner lot with enough parking for all units and then some! An exclusive parking lot in the front of the building, heavy foot and car traffic, and a large tenant population in the surrounding area has helped maintain the Green Apple Grocery store as an anchor tenant for over 15 years. The second commercial unit is currently occupied by the owner as an office, but it has a full bathroom and can be outfitted for a variety of other business needs. Central heating systems, towering 9-foot tall ceilings, and spacious residential units provide ample square footage to achieve proforma rents between $1,400-$1,800 per month. Fill or occupy the office, keep the Green Apple on their current lease, and pursue an attainable lease-up strategy for the residential units and this property will yield a 123k NOI and 14% Return.
Location
State CT
County Hartford
Zoning MS-1
Rooms
Basement Full
Interior
Heating Hot Air
Cooling Window Unit
Exterior
Parking Features None, Paved, Parking Lot, Unassigned Parking
Waterfront Description Not Applicable
Roof Type Flat
Building
Lot Description Corner Lot, Level Lot
Foundation Stone
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Connor Wenchell • VC Property Group, LLC