Price Reduced 5.56%

$1,275,000 ($102.71 per sqft)

Est. Mortgage $6,198/mo *

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Price History

$1,350,000
1/15/2025

$1,275,000
4/2/2025

264 Farmington Avenue, Hartford, (Asylum Hill), CT, 06105

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31 rooms

12 beds

8 Full / 2 Half baths

1928

Units on different Floors

12,414 sqft

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.

Status:

Active

Town:

Hartford

Type:

Multi-family

Laundry Remarks:

None

Units:

Zoning:

MS-1

Garage:

None, Paved, Parking Lot, Unassigned Parking

Heating:

Hot Air

Cooling:

Window Unit

Basement:

Full

Parking:

14-car

Acreage:

0.29

Est. Taxes:

$32,153

Assessment

$443,800

Lot Description:

Corner Lot,Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

MLS #:

24069414

Community Info

School Info

Walk Score

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Price History

264 Farmington Avenue, Hartford, (Asylum Hill), CT, 06105

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School Info

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