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26-28 Lawrence St 26-28 Lawrence St 12 Unit Apartment Building $1,388,940 CAD ($115,745 CAD/Unit) 8.84% Cap Rate Hartford, CT 06106



INVESTMENT HIGHLIGHTS
- Convenient Location
- Brick Construction
- Value Add Potential
- Strong Rental Demographics & Demands
EXECUTIVE SUMMARY
Horvath & Tremblay is pleased to present the sale of the multi-family investment property located at 26-28 Lawrence Street in Hartford, Connecticut (the “Property”). The four-story brick and stucco building contains twelve (12), 2-Bedroom/1-Bathroom Units with 8,421 square feet of living area in 11,948 square feet of gross area on a 0.11-acre parcel. 26-28 Lawrence Street is well-located in the Frog Hollow neighborhood of Hartford. The Property is 500 feet from Park Street, one of the area’s primary commercial thoroughfares, and just 1.2-miles from downtown Hartford. The location offers convenient access to area highways, public transportation and retail amenities on nearby Park Street and Main Street. Additionally, the Property is approximately 0.5-miles from Trinity College and Hartford Hospital.
PROPERTY FACTS
| Price | $1,388,940 CAD | Building Class | C |
| Price Per Unit | $115,745 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 11,948 SF |
| Cap Rate | 8.84% | Average Occupancy | 100% |
| No. Units | 12 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1901 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Mid-Rise | ||
| Zoning | NX2 | ||
| Price | $1,388,940 CAD |
| Price Per Unit | $115,745 CAD |
| Sale Type | Investment |
| Cap Rate | 8.84% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 11,948 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1901 |
| Opportunity Zone |
Yes |
| Zoning | NX2 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 12 | - | 702 |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | HTFD-000204-000536-000191 | Improvements Assessment | $653,691 CAD |
| Land Assessment | $74,256 CAD | Total Assessment | $727,947 CAD |
PROPERTY TAXES
Parcel Number
HTFD-000204-000536-000191
Land Assessment
$74,256 CAD
Improvements Assessment
$653,691 CAD
Total Assessment
$727,947 CAD
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26-28 Lawrence St | 26-28 Lawrence St
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