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31 S Highland St
West Hartford, CT 06119
10 Room - Rooming house · Multifamily Property For Sale
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10 Units
INVESTMENT HIGHLIGHTS
- Amazing upside
- Many updates
- West Hartford location
EXECUTIVE SUMMARY
Fully rented with $90,000 annual rental income. A unique West Hartford Investment opportunity! This large home is currently being used an approved rooming house. The property features ten fully furnished bedrooms. Each room comes with bed, desk, dresser, television and chair. All furniture is included with the sale. There is one full bathroom for every two bedrooms. There is a common "kitchen" area and well as one other common space. Included in the monthly rent is all utilities, parking and internet. Shared laundry is in the lower level. There are so many possibilities with this property. It could continue to be a rooming house. It can be a single family home. A possible group home and more. There are newly installed and fully paid for solar panels on the structure to assure low electric bills. The property has been extremely well maintained including a replaced roof, boiler, windows, hot water heater, exterior paint and more. There is a separate 4 car garage with potential usable space above it. This is a unique opportunity and the property has tremendous upside as an investment. Currently all 10 rooms are rented at $750 per month, with the ability to increase monthly rental fee allowing tremendous upside on this West Hartford investment.
PROPERTY FACTS
| Price Per Unit | $137,678 CAD | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 5,847 SF |
| Cap Rate | 5.50% | Average Occupancy | 50% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1901 |
| Property Subtype | Apartment | Parking Ratio | 2.39/1,000 SF |
| Building Class | C | ||
| Zoning | R-6 - 10+ surface lot spaces along with 4 garage spaces | ||
| Price Per Unit | $137,678 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 5,847 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1901 |
| Parking Ratio | 2.39/1,000 SF |
| Zoning | R-6 - 10+ surface lot spaces along with 4 garage spaces |
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