Rare value-add opportunity in Hartford's desirable West End. This 29-unit office-to-apartment conversion is already in progress, with all architectural and MEP plans and survey work fully approved. The property has been partially gutted, rough-framed for 12 units, and prepped for a new owner to bring the project to completion. The asking price reflects the remaining renovation scope needed to complete the project. The approved unit mix consists of 27 one-bedroom units projected at $1, 300 per month and 2 two-bedroom units projected at $1, 500 per month, supporting an estimated stabilized rent roll of $38, 100 per month, or $457, 200 annually....
Rare value-add opportunity in Hartford's desirable West End. This 29-unit office-to-apartment conversion is already in progress, with all architectural and MEP plans and survey work fully approved. The property has been partially gutted, rough-framed for 12 units, and prepped for a new owner to bring the project to completion. The asking price reflects the remaining renovation scope needed to complete the project. The approved unit mix consists of 27 one-bedroom units projected at $1, 300 per month and 2 two-bedroom units projected at $1, 500 per month, supporting an estimated stabilized rent roll of $38, 100 per month, or $457, 200 annually. Ideally located near downtown Hartford and less than a quarter mile from the West Hartford town line, the property offers off-street parking and benefits from strong rental demand. This is a compelling opportunity for experienced investors or developers seeking a value-add conversion with significant upside. Property is being sold as-is. Showings by appointment only.
Rare value-add opportunity in Hartford's desirable West End. This 29-unit office-to-apartment conversion is already in progress, with all architectural and MEP plans and survey work fully approved. The property has been partially gutted, rough-framed for 12 units, and prepped for a new owner to bring the project to completion. The asking price reflects the remaining renovation scope needed to complete the project. The approved unit mix consists of 27 one-bedroom units projected at $1, 300 per month and 2 two-bedroom units projected at $1, 500 per month, supporting an estimated stabilized rent roll of $38, 100 per month, or $457, 200 annually. Ideally located near downtown Hartford and less than a quarter mile from the West Hartford town line, the property offers off-street parking and benefits from strong rental demand. This is a compelling opportunity for experienced investors or developers seeking a value-add conversion with significant upside. Property is being sold as-is. Showings by appointment only.
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