18 Sherman Street
Hartford, Connecticut

Description:

18 Sherman Street is a 21 unit property nestled in Hartford's coveted West End, one of the city's most desirable residential neighborhoods. Known for tree-lined streets, historic architecture, and proximity to UConn Law, Elizabeth Park, the University of Hartford, and the Farmington Avenue corridor, the West End attracts a stable, quality renter base. The walkability and easy access to downtown and I-84 make it a location tenants seek out and stay in - the foundation of the building's strong occupancy and dependable collections. Ten units have been fully remodeled with durable, move-in-ready finishes: new LVT and porcelain tile flooring, quartz countertops, shaker cabinetry, stainless steel appliances, new lighting, open kitchen-to-living layouts, updated baths, in-unit air conditioning, and newer windows. Building systems are equally strong, anchored by a modern Lochinvar gas heating system (former oil tanks retired) and two on-site washer/dryer sets. Additional upgrades include new exit signs and new smoke detectors. With major systems and interiors already addressed, an incoming investor inherits a turnkey asset positioned for low turnover and capital expenses - the fundamentals driving the current 90% occupancy and consistent collections in one of Hartford's most sought-after neighborhoods.

Listing Courtesy of Century 21 AllPoints Realty