1526-1528 Broad St
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1526-1528 Broad St
6 Unit Apartment Building $1,125,000 ($187,500/Unit) 12.75% Cap Rate Hartford, CT 06106
Investment Highlights
- STUDENT HOUSING
- BRICK CONSTRUCTION
- POSITIONED ACROSS THE STREET FROM TRINITY COLLEGE
- STRONG RENTAL DEMOGRAPHICS & DEMAND
Executive Summary
Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at 1526-1528 Broad Street in Hartford, Connecticut (the “Property”). The three-story brick building contains six (6), 4-Bedroom/1-Bathroom residential units with 8,511 square feet of living area in 12,284 square feet of gross area on a 0.20-acre parcel of land. The Property also features a newer furnace (replaced 3-years ago).
1526-1528 Broad Street is well-located in the Barry Square neighborhood of Hartford. The Property is positioned across the street from Trinity College and is 0.2-miles from New Britain Avenue and Washington Street, two of the area’s primary commercial thoroughfares, and just 1.4-mile from downtown Hartford. The location offers convenient access to area highways, public transportation and retail amenities along nearby Park Street and New Britain Avenue. Additionally, the Property is approximately 0.6-miles from Hartford Hospital.
1526-1528 Broad Street is well-located in the Barry Square neighborhood of Hartford. The Property is positioned across the street from Trinity College and is 0.2-miles from New Britain Avenue and Washington Street, two of the area’s primary commercial thoroughfares, and just 1.4-mile from downtown Hartford. The location offers convenient access to area highways, public transportation and retail amenities along nearby Park Street and New Britain Avenue. Additionally, the Property is approximately 0.6-miles from Hartford Hospital.
Property Facts
| Price | $1,125,000 | Building Class | C |
| Price Per Unit | $187,500 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 8,511 SF |
| Cap Rate | 12.75% | No. Stories | 3 |
| No. Units | 6 | Year Built/Renovated | 1915/1985 |
| Property Type | Multifamily | Parking Ratio | 0.47/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low Rise |
| Price | $1,125,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 12.75% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 8,511 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1915/1985 |
| Parking Ratio | 0.47/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+1 | 6 | - | 1,400 |
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Walk Score ®
Very Walkable (79)
PROPERTY TAXES
| Parcel Number | HTFD-000206-000546-000009 | Improvements Assessment | $205,520 |
| Land Assessment | $39,480 | Total Assessment | $245,000 |
PROPERTY TAXES
Parcel Number
HTFD-000206-000546-000009
Land Assessment
$39,480
Improvements Assessment
$205,520
Total Assessment
$245,000
zoning
| Zoning Code | R2 (Residential) |
| R2 (Residential) |
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1526-1528 Broad St
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