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10% CAP | Mixed-Use | Walk to Trinity College 14 Hillside Ave

6,692 SF 10% Leased Retail Building Hartford, CT 06106 $550,000 ($82/SF) 11.01% Cap Rate

Retail Space Connecticut Hartford 14 Hillside Ave, Hartford, CT 06106

Investment Highlights

  • Walk to Trinity College & Close to Hartford Hospital
  • Separate & Tenant Paid Utilities
  • VALUE ADD!
  • 25% ROI Pro-Forma
  • Mixed-Use Property
  • On-Street Parking

Executive Summary

25% ROI potential with VALUE ADD mixed-use property available - walking distance to Trinity College! Total of 8 units, consisting of: 2 retail spaces with a remodeled liquor store and an electronics repair shop. There are (6) 2 bed/1 bath units above with some unit turns/renovations needed. The utilities are separate and tenant paid electric + gas heat and hot water (mechanicals are IN each unit). On-street parking only and city trash pick up = minimal maintenance/low expenses. Unit updates/renovations needed + rents are below market = great upside potential! Desirable location for tenants walking distance to Trinity College, close to Hartford Hospital, nearby highway access and public transportation + shopping, restaurants and other amenities.

Property Facts

Sale Type
Investment
Sale Condition
Bulk/Portfolio Sale
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,692 SF
Building Class
C
Year Built/Renovated
1930/2020
Price
$550,000
Price Per SF
$82
Cap Rate
11.01%
NOI
$60,570
Percent Leased
10%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
0.96
Land Acres
0.16 AC
Zoning
R1
Frontage
41 FT on Hillside

Amenities

  • Bus Line
1 of 1
Walk Score ®
Very Walkable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

Nearby Major Retailers

Stop & Shop Supermarkets
KeyBank
CTown
Bank of America
Webster Bank
Starbucks
Pho Hoa
Liberty Bank
Bravo
Santander
(203) 314-4219

  • Listing ID: 32436910

  • Date on Market: 7/12/2024

  • Last Updated:

  • Address: 14 Hillside Ave, Hartford, CT 06106

The Retail Property at 14 Hillside Ave, Hartford, CT 06106 is currently available For Sale. Contact Oxford Realty for more information.

Retail PROPERTIES IN NEARBY NEIGHBORHOODS

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10% CAP | Mixed-Use | Walk to Trinity College | 14 Hillside Ave
(203) 314-4219 x

10% CAP | Mixed-Use | Walk to Trinity College | 14 Hillside Ave

Amanda Faroni-Sheehan

(203) 314-4219

(203) 314-4219

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