621 Farmington Avenue
Hartford, Connecticut

Description:

Rare value-add opportunity in Hartford's desirable West End. This 29-unit office-to-apartment conversion is already in progress, with all architectural plans, MEPs, survey work, and building permits fully approved. The property has been completely gutted, rough-framed for 12 units, and prepped for plumbing, electrical, HVAC, fire sprinklers, and interior build-out. The asking price reflects the remaining renovation scope needed to complete the project. The approved unit mix consists of 27 one-bedroom units projected at $1,300 per month and 2 two-bedroom units projected at $1,500 per month, supporting an estimated stabilized rent roll of $38,100 per month, or $457,200 annually. Ideally located near downtown Hartford and less than a quarter mile from the West Hartford town line, the property offers off-street parking and benefits from strong rental demand. This is a compelling opportunity for experienced investors or developers seeking a value-add conversion with significant upside. Property is being sold as-is. Showings by appointment only.

Listing Courtesy of Cedar View Realty LLC