|
$45,779 NOI |
$-31,017 NCF |
0.6 DSCR |
3% Cap |
-9% ROI |
10 Unit Brick building near downtown
Hartford, CT
Mixed Use. $81 psf
$1,350,000
|
$45,779 NOI |
$-31,017 NCF |
0.6 DSCR |
3% Cap |
-9% ROI |
| % Proforma : % Proforma :
61%
|
Parking :
Off Street
|
| Property Type : Type :
Mixed Use
|
Heating :
Natural Gas
|
| Buildings :
1
|
Hot Water :
Natural Gas
|
| Parcel(s) :
|
Sewer :
Public
|
| Year Built :
1927
|
Water :
Public
|
| Occupancy : Occ. :
100%
|
Trash :
Owner Paid
|
| Sqft:
16736 sqft
|
Utility Split :
T/O Paid
|
| Lot Size :
12720 acres
|
Sprinklers :
No
|
- Central heating systems
- Spacious residential units
- Exceeds 1:1 parking
- Corner lot
264 Farmington Avenue is a prominent brick asset situated on a corner lot with enough parking for all units and then some! An exclusive parking lot in the front of the building, heavy foot and car traffic, and a large tenant population in the surrounding area has helped maintain the Green Apple Grocery store as an anchor tenant for over 15 years. The second commercial unit is currently occupied by the owner as an office, but it has a full bathroom and can be outfitted for a variety of other business needs. Central heating systems, towering 9-foot tall ceilings, and spacious residential units provide ample square footage to achieve proforma rents between $1,400-$1,800 per month. Fill or occupy the office, keep the Green Apple on their current lease, and pursue an attainable lease-up strategy for the residential units and this property will yield a $123k NOI and 14% return.
