Description
132 Collins is a 30 unit brick asset located in the Asylum Hill Neighborhood of Hartford. This asset is located in the Opportunity Zone, allowing Investors to take advantage of the benefits associated with the location. This property has 3 stories/ with 10 units on each floor. The unit mix consists of: 3, 3 bedroom units; 9, 2 bedroom units; 6, 1 bedroom units; and 12 Studios. Pride of ownership is evident and this property has been owner managed and in the family for over 15 years. Updates include: Hard wired alarm system, Hardwood floors in 28 of 30 units, hardwood floors in all common areas except for the first floor which has carpet tiles. The windows have been replaced. The property has tenant paid electric. Electric is updated with sub panels and circuit breakers. Owner pays heat and water. The roof is 10 years old and there is an opportunity for laundry in the basement. Current ownership just canceled the laundry contract they had so that new ownership can choose their own strategy. This asset can be purchased with a SFR that has 13 parking spots for an additional $300k. There is the opportunity for assumable financing. The current loan balance is @ $1.4 million. Buyer would need to bring the balance to the closing as a down payment. Seller financing is NOT AVAILABLE. Please have POF for your client available. Please do not walk the property without a confirmed appointment.
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0BEDS
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0.29ACRES
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0BATHS
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01/2 BATHS
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21,723SQFT
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$129$/SQFT
School Information
Description
132 Collins is a 30 unit brick asset located in the Asylum Hill Neighborhood of Hartford. This asset is located in the Opportunity Zone, allowing Investors to take advantage of the benefits associated with the location. This property has 3 stories/ with 10 units on each floor. The unit mix consists of: 3, 3 bedroom units; 9, 2 bedroom units; 6, 1 bedroom units; and 12 Studios. Pride of ownership is evident and this property has been owner managed and in the family for over 15 years. Updates include: Hard wired alarm system, Hardwood floors in 28 of 30 units, hardwood floors in all common areas except for the first floor which has carpet tiles. The windows have been replaced. The property has tenant paid electric. Electric is updated with sub panels and circuit breakers. Owner pays heat and water. The roof is 10 years old and there is an opportunity for laundry in the basement. Current ownership just canceled the laundry contract they had so that new ownership can choose their own strategy. This asset can be purchased with a SFR that has 13 parking spots for an additional $300k. There is the opportunity for assumable financing. The current loan balance is @ $1.4 million. Buyer would need to bring the balance to the closing as a down payment. Seller financing is NOT AVAILABLE. Please have POF for your client available. Please do not walk the property without a confirmed appointment.
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