NOT LISTED FOR SALE
-- Bed
-- Bath
25,956 Sq Ft
1926 Built

Last Sold April 14, 2016

Last sale price $1,900,000 $73 Per Sq Ft

28 Days on Market

Highlights

  • Property is near public transit
  • Porch
  • 4-minute walk to Clemens Place Park
  • No HOA
  • Intercom

About This Home

As of April 2016

The Cozzi Team is pleased to present the opportunity to acquire 36 apartment units in the desirable West End of Hartford with Gross Collected Rents Averaging $28,000+. Sisson Avenue's location and condition with recent capital improvements and occupancy levels offer an investor a superb opportunity to own within Hartford's multifamily market, with upside potential as well. The unit mix consists of 4: 3 bedroom/1 bath units; 14: 2 bedroom/1 bathroom units and 18: 1 bedroom/1 bathroom units. There are also 21 garage units bringing in additional income in addition to a large off street parking lot. This sale also includes one half interest in 495 Farmington Avenue, Hartford, CT; this is the access driveway to the parking lot. The property benefits from a superior location, being only minutes away from the affluent and desirable town of West Hartford and within minutes to I-84 and I-91 highway ramps and Downtown Hartford; walking distance from UCONN School of Law and in close proximity to University of Saint Joseph, University of Hartford, and Lincoln Culinary Institute. RECENT CAPITAL IMPROVEMENTS: Central hot water heater for the building. 21 New garage doors. New fire protection system throughout the buildings. JEMS energy control system. Newer windows (approx 7 years old). Newer roof (approx 7 years old). Many remodeled units. New paint and carpet in the common areas/hallways. Updated landscaping. New fencing in the front and rear

Last Agent to Sell the Property

Lisa Cozzi

Century 21 AllPoints Realty License #REB.0789668 Listed on: 10/16/2015

Century 21 AllPoints Realty

Last Buyer's Agent

Michael Rimkie

Homes of New Hartford License #REB.0575073

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $67,604

Year Built

  • Built in 1926

Home Design

  • Masonry Siding

Interior Spaces

  • 25,956 Sq Ft Home
  • 3-Story Property
  • Intercom

Unfinished Basement

  • Basement Fills Entire Space Under The House
  • Interior Basement Entry
  • Dirt Floor

Parking

  • 21 Car Garage
  • Driveway
  • Off-Street Parking
  • Unassigned Parking

Outdoor Features

  • Exterior Lighting
  • Porch

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Schools

  • Pboe Elementary And Middle School
  • Pboe High School

Utilities

  • Radiator
  • Heating System Uses Natural Gas
  • Cable TV Available

Community Details

Overview

  • No Home Owners Association
  • 36 Units

Building Details

  • Gross Income $324,923

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$67,604

Year Built

Built in 1926

Lot Details

0

Listing Details

  • Neighborhood: West End
  • Property Type: Multi-Family For Sale
  • Potential Short Sale: No
  • Total Sq Ft: 25956
  • Year Built: 1926
  • Nearby Amenities: Commuter Bus, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Radon Mitigation Air Ynu: No
  • Radon Mitigation Water Ynu: No
  • Directions: Farmington Avenue to Sisson Avenue.
  • Special Features: None
  • Stories: 3

Interior Features

  • Basement Description: Dirt Floor, Full, Interior Access, Unfinished
  • Interior Amenities: Cable - Available, Intercom
  • Laundry Room Info: Basement Hook-Up(s)
  • Attic: No
  • Stories Number Of: 3

Exterior Features

  • Exterior Features: Lighting, Porch, Sidewalk
  • Exterior Siding: Brick
  • Swimming Pool: No

Garage/Parking

  • Garage Parking Info: Off Street Parking, Paved, Unassigned Parking
  • Garages Number: 21
  • Driveway Type: Asphalt, Paved
  • Total Parking Spaces: 36

Utilities

  • Heat Type: Radiator
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No

Schools

  • Intermediate School: PBOE

Lot Info

  • Lot Description: Fence - Full
  • Flood Zone: No

Rental Info

  • Landlord Responsibility: Grounds Maintenance, Heat, Hot Water, Insurance, Maintenance/Repairs, Parking, Property Management, Real Estate Taxes, Sewer, Snow Removal, Trash Service, Water
  • Lease Purchase: No

Multi Family

  • Gross Annual Income: 324923
  • Total Num Of Units: 36

Tax Info

  • Tax Year: July 2014-June 2015
  • Property Tax: 67604
  • Assessor Parcel Number: 599529

MLS Schools

  • Elementary School: PBOE
  • Middle Jr High School: PBOE
  • High School: PBOE

Range of Values:

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Value Increase
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Percent Increase
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Adjusted for Inflation
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
04/14/2016 04/14/16 Sold $1,900,000 -11.6% $73 / Sq Ft
11/13/2015 11/13/15 Pending -- -- --
10/16/2015 10/16/15 For Sale $2,149,000 -- $83 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: G10088305

SmartMLS

APN: HTFD M:134 B:387 L:192