86 Edwards Street
Hartford, Connecticut

Description:

ATTENTION INVESTORS! Rare 5-unit multifamily opportunity directly across from the Hartford Pre-Kindergarten Magnet School campus. Offering immediate cash flow plus significant value-add potential, this property features two 1BR, two 2BR and one 4BR apartment. Four units are occupied, while renovated 2BR Unit 1S is intentionally vacant for showings and ready for immediate lease-up. Four units have been renovated between 2024-2026. Four units feature efficient tankless boilers, with the fifth served by a traditional boiler. Roof is reported to be approximately 3 years old. Current rent roll is $5,825/month including $1,200 attributed to vacant Unit 1S, with seller's market-rent analysis indicating potential gross rents of approximately $7,400-$8,000/month. A major additional feature is the substantial vacant grassy area at the rear of the property, providing potential for additional parking, garages or future development, subject to zoning, municipal approvals and buyer due diligence. Side and rear off-street parking. Sold as-is. One of the parties to the LLC has an active real estate license.

Listing Courtesy of The Bella Group, LLC