277-281-283 WETHERSFIELD Avenue, Hartford, CT 06114
277-281-283 WETHERSFIELD Avenue, Hartford, CT 06114
277-281-283 WETHERSFIELD Avenue, Hartford, CT 06114
277-281-283 WETHERSFIELD Avenue, Hartford, CT 06114
277-281-283 WETHERSFIELD Avenue, Hartford, CT 06114
277-281-283 WETHERSFIELD Avenue, Hartford, CT 06114
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Kristopher Tramont

Kristopher Tramont

+1(860) 884-9511
$ 1,200,000
Est. payment | /mo

24 Beds

6 Baths

7,458 SqFt

Save
$ 1,200,000
Est. payment | /mo
Save

24 Beds

6 Baths

7,458 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Active

Purchase Type For Sale

Square Footage 7,458 sqft

Price per Sqft $160

MLS Listing ID 24177210

Style Units on different Floors

Bedrooms 24

Full Baths 6

Year Built 1900

Annual Tax Amount $19,161

Lot Size 2,178 Sqft

Property Sub-Type 5 Family+

Property Description

Great investment opportunity in the highly desirable South End! This unique offering includes two buildings on the same lot, providing both immediate cash flow and excellent future income potential. 281-283 Wethersfield Ave features 6 well-maintained units, each offering 4 bedrooms and 1 bathroom, with a total of 7,458 sq ft. The property is fully rented, with most tenants on leases and paying approximately $1,850 per month. Tenants are responsible for their own gas heat, hot water, and electricity, helping keep operating expenses low. The building currently generates approximately $125,400 in gross annual income and delivers strong, consistent cash flow with an attractive cap. 277 Wethersfield Ave offers an exciting value-add opportunity. This 10,692 sq ft building is currently under rehab and has approved plans for 12 two-bedroom units. Major framework has already been completed, and building plans are attached. Once finished, the units are projected to rent for approximately $1,400 per month each, with an estimated gross annual income of about $201,400. A rare chance to own a high-income, multi-building investment property with both stable current returns and significant upside potential!

Location

State CT

County Hartford

Zoning NX-2

Rooms

Basement Full

Interior

Heating Baseboard

Cooling None

Exterior

Parking Features Parking Lot

Waterfront Description Not Applicable

Roof Type Flat

Building

Lot Description Level Lot

Foundation Brick

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Enrique Quintana • Premier Properties of CT

Nearby Locations

Kristopher Tramont
Kristopher Tramont

Broker Associate | REB. REB.0794869

+1(860) 884-9511 | kris@kristophertramont.com

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277-281-283 WETHERSFIELD Avenue