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FAITS SAILLANTS DE L'INVESTISSEMENT
- Proven Value-Add Opportunity – Opportunity to Grow Revenue by $175,000+
- Outstanding Location – Walking Distance to Parks, Restaurants, Dining, Shopping & nightlife
- Luxury Community – Brick, Covered Parking, Elevator, Large Units, Desirable Unit Mix, Green Space
- 19 of 39 Units Renovated – Remaining 20 Units Average $380/month in Renovation Premium
- Immediate Access West Hartford Center & Downtown Hartford – World Class Dining & Nightlife, Employment, Universities, Hospitals, Arts & Culture
RÉSUMÉ DE L'ANNONCE
Northeast Private Client Group is pleased to exclusively present Five High, a 39- unit value-add multifamily community located in West Hartford, Connecticut.
Five High is a brick, three- and four-story, elevatored, courtyard-style building consisting of a mix of 12 one bedroom, one bathroom apartments, 12 two bedroom, one bathroom apartments, and 15 two bedroom, one-and-a-half bathroom apartments with 42,447 square feet of gross building area set on 0.96 acres. The property was built in 1947, and since 2022 ownership has invested over $500,000 in capital improvements, including unit and common area upgrades, landscaping upgrades, and exterior upgrades.
Five High provides immediate access to Interstates 84 & 91, Connecticut Routes 2, 15 & 44, and Hartford’s Amtrak Train Station. The property is located within walking distance of many shopping, dining, and nightlife options on Farmington Avenue, within five minutes of West Hartford Center, and within 10 minutes of Downtown Hartford, providing residents with direct access to a multitude of work and play options. Additionally, Five High is surrounded by parks, universities, hospitals, arts and cultural options.
Five High presents an ideal opportunity for investors looking to acquire a stable asset with significant upside potential in an outstanding location and submarket with strong fundamentals. A new owner will have the opportunity to continue unit renovations to capture a proven renovation premium within the property, while marking existing rents to market levels, and gaining exposure to one of the most dynamic markets in the Northeast.
Five High is a brick, three- and four-story, elevatored, courtyard-style building consisting of a mix of 12 one bedroom, one bathroom apartments, 12 two bedroom, one bathroom apartments, and 15 two bedroom, one-and-a-half bathroom apartments with 42,447 square feet of gross building area set on 0.96 acres. The property was built in 1947, and since 2022 ownership has invested over $500,000 in capital improvements, including unit and common area upgrades, landscaping upgrades, and exterior upgrades.
Five High provides immediate access to Interstates 84 & 91, Connecticut Routes 2, 15 & 44, and Hartford’s Amtrak Train Station. The property is located within walking distance of many shopping, dining, and nightlife options on Farmington Avenue, within five minutes of West Hartford Center, and within 10 minutes of Downtown Hartford, providing residents with direct access to a multitude of work and play options. Additionally, Five High is surrounded by parks, universities, hospitals, arts and cultural options.
Five High presents an ideal opportunity for investors looking to acquire a stable asset with significant upside potential in an outstanding location and submarket with strong fundamentals. A new owner will have the opportunity to continue unit renovations to capture a proven renovation premium within the property, while marking existing rents to market levels, and gaining exposure to one of the most dynamic markets in the Northeast.
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FAITS SUR LA PROPRIÉTÉ
| Type de vente | Investissement | Taille du lot | 0,96 AC |
| Nombre d’unités | 39 | Taille du bâtiment | 42 447 pi² |
| Type de propriété | Immeuble residentiel | Nombre d’étages | 4 |
| Sous-type de propriété | Appartement | Année de construction/rénovation | 1947/2022 |
| Style d’appartement | De hauteur moyenne | Ratio de stationnement | 1,18/1 000 pi² |
| Classe d’immeuble | C | Rues transversales | Farmington Avenue |
| Zonage | R-10 | ||
| Type de vente | Investissement |
| Nombre d’unités | 39 |
| Type de propriété | Immeuble residentiel |
| Sous-type de propriété | Appartement |
| Style d’appartement | De hauteur moyenne |
| Classe d’immeuble | C |
| Taille du lot | 0,96 AC |
| Taille du bâtiment | 42 447 pi² |
| Nombre d’étages | 4 |
| Année de construction/rénovation | 1947/2022 |
| Ratio de stationnement | 1,18/1 000 pi² |
| Rues transversales | Farmington Avenue |
| Zonage | R-10 |
COMMODITÉS
COMMODITÉS DES UNITÉS
- Chauffage
- Réfrigérateur
- Four
- Bain/Douche
- Congélateur
COMMODITÉS DU SITE
- Accès 24 heures
- Accès contrôlé
- CVCA contrôlé par le locataire
- Sans fumée
- Détecteur de fumée
1 1
Walk Score®
Très pratique à pied (77)
Impôts fonciers
| Numéro de lot | WHAR-000008H-002696-000005 | Évaluation des bâtiments | 2 517 307 $ CAD |
| Évaluation du terrain | 1 264 647 $ CAD | Évaluation totale | 3 781 954 $ CAD |
Impôts fonciers
Numéro de lot
WHAR-000008H-002696-000005
Évaluation du terrain
1 264 647 $ CAD
Évaluation des bâtiments
2 517 307 $ CAD
Évaluation totale
3 781 954 $ CAD
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Présenté par
Five High | 5 Highland St
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