Price Reduced 4.76%
Price History
$1,050,000
10/21/2024
$1,000,000
12/3/2024
206 Hamilton Street, Hartford, (Parkville), CT, 06106
13 beds
12 Full baths
1923
9,009 sqft
This is a great opportunity to acquire this 12 unit brick building located in the Parkville area of Hartford, CT. All utilities are separate, and tenant paid. Ownership has spent over 100k in the last 2 years in cap ex and maintenance and repairs. Value add by increasing rents closer to market rates. 6 out of 12 units have been remodeled. Hartford, CT continues to be one of the fastest growing cities in New England. As of 2024, Hartford has experienced an average year-over-year rent growth of approximately 7-9%. The average rent for a one-bedroom apartment in Hartford is around $1,350 per month, while a two-bedroom apartment averages about $1,650 per month. Over the past five years, rent in Hartford has increased by approximately 20%, reflecting the city's growing demand for rental properties. Hamilton Street is located in the desirable Parkville area which has seen significant developments over the past decade, contributing to its transformation into a thriving urban neighborhood. Key initiatives and projects include, revitalization of historic buildings, the development of Parkville Market and many infrastructure improvements.
Status:
Active
Town:
Hartford
Type:
Commercial
Units:
12
Zoning:
NX-2
Frontage:
Paved Road
Heating:
Hot Water
Cooling:
None
Acreage:
0.17
Est. Taxes:
$31,787
Assessment
$461,020
Utilities
Electric,Gas
Lot Description:
Level Lot
Days on Market:
61
MLS #:
24041380
Community Info
School Info
Walk Score
Mass Transit
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Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Michael Doherty, KW Legacy Partners Email: mike@dohertyhometeam.com