621 Farmington Avenue
Hartford, Connecticut

Description:

Rare value-add opportunity in Hartford's West End. This 29-unit office-to-apartment conversion is already underway, with all architectural, MEP, survey, and building permits fully approved. The building has been gutted, rough-framed for 12 units, and prepped for plumbing, electrical, HVAC, sprinklers, and interior finishes. Approximately $1.5M in renovations remains to complete the project. The approved unit mix includes 27 one-bedroom units (projected at $1,300/month) and 2 two-bedroom units ($1,500/month), supporting a projected monthly rent roll of $38,100, or $457,200 annually. Located near downtown with off-street parking and strong rental demand, this property offers significant upside for experienced investors or developers looking to take on a value-add conversion. Property is being sold as-is. Showings by appointment only.

Listing Courtesy of Santana Realty Group LLC