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530 Wethersfield Ave

33 Unit Apartment Building $3,465,000 ($105,000/Unit) Hartford, CT 06114

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Executive Summary

530 Wethersfield Avenue offers the opportunity to enter the South End neighborhood market of Hartford with an attractive multifamily investment. 530 Wethersfield Avenue consists of 33 apartment unit, recently converted to condominiums. The unit mix of this property offers 19 one bedroom and 14 two bedroom units. The building features an elevator, on-site laundry and off street parking. Significant capital improvements have been made to this building over the past several years to include new double pane windows and fully renovated units throughout. Located on Wethersfield Avenue, this property is located in the heart of the South End of Hartford and offers convenient and quick access to Hartford Hospital, the Institute for the Living and Trinity College. Wethersfield Avenue is the primary commercial arterial route in the neighborhood and provides residents with easy access to retail goods, services and restaurants. Downtown Hartford, located just a few blocks south of the property, offers quick access to restaurants, shopping and transportation as well as easy access to Interstates 84 & 91.

Property Facts

Price	$3,465,000	Building Class	C
Price Per Unit	$105,000	Lot Size	0.69 AC
Sale Type	Investment	Building Size	18,990 SF
No. Units	33	No. Stories	3
Property Type	Multifamily	Year Built/Renovated	1969/2021
Property Subtype	Apartment	Parking Ratio	1.32/1,000 SF
Apartment Style	Low Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$3,465,000
Price Per Unit	$105,000
Sale Type	Investment
No. Units	33
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.69 AC
Building Size	18,990 SF
No. Stories	3
Year Built/Renovated	1969/2021
Parking Ratio	1.32/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.