$2,100,000
$2,350,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
28,000 SqFt
SOLD DATE : 12/29/2023
Key Details
Sold Price $2,100,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 28,000 sqft
Price per Sqft $75
MLS Listing ID 170556712
Sold Date 12/29/23
Year Built 1920
Annual Tax Amount $65,037
Lot Size 0.460 Acres
Property Description
Farmington Ave is a brick, 30 unit building located in the West End of Hartford. The unit mix consists of 25 residential units and 5 commercial spaces with long term tenants. This asset has central gas heating system and tenant paid electric. The unit mix consists of: 24, 1 bedroom/1 bathroom units and 1, 2 bedroom/1 bathroom unit. The commercial spaces are occupied by: Amigo Market who has been a long term tenant since 2010; Mike Clothier Warehouse has been leasing space for 9 years and their lease expires in 2024; Monte Alban has occupied their space over 10 years and lease expires in 2030. The last 2 spaces are occupied by one tenant. The common areas are being upgraded as well. Brand new $10,000 hot water heating system installed April 2023. Retail tenants pay all utilities. Residential tenants pay electric. Landlord pays heat and hot water.
Location
State CT
County Hartford
Zoning MS-1
Interior
Heating Steam
Cooling None
Exterior
Garage Off Street Parking
Utilities Available Electric, Gas, Phone Available, Cable Available
Roof Type Flat,Tar/Gravel
Building
Lot Description Level Lot
Foundation Concrete
Sewer Public Sewer Connected, Public Sewer In Street
Water Public Water Connected, Public Water In Street
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Bought with Brandon Rush • Berkshire Hathaway NE Prop.
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Broker | REB.0791464