264 Farmington Ave

asylum hill, hartford, CT 06105

$1,275,000

  • 12 BR
    8 BA, 2 HALF BA
    APPROX. 12,414 SF

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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.

Details

12,414 Sq Ft

0.29 Private Acres Exterior Space

Multi Family

Built in 1928

MLS/Listing ID 24069414

Listing Courtesy of VC PROPERTY GROUP, LLC, CONNOR T. WENCHELL - 860-343-7800

SMART

Source of Data: SMART MLS

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