268 Franklin Avenue

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268 Franklin Avenue

Hartford, CT 06114
Asking Price
$450K
Cap Rate
8.53%
Asset Type
Special-purpose
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Special-purpose commercial asset situated in Hartford Connecticut
  • Current asking price set at 449,900 dollars
  • Investment property featuring an 8.53 percent cap rate
  • Located conveniently at 268 Franklin Avenue in 06114
  • Property offers versatile space for various commercial uses

What's Special

Priced at 449,900 dollars, this special-purpose asset located at 268 Franklin Avenue presents a strategic acquisition in the Hartford, Connecticut market. The property benefits from its position within a key capital city submarket, which remains a primary hub for insurance and healthcare sectors in the Northeast. Its functional layout allows for various special-purpose business operations, providing a versatile footprint for investors seeking a stabilized income stream. Given the current cap rate of 8.53 percent, this listing represents a notable entry point for market participants focused on yield-oriented commercial real estate portfolios. Hartford serves as a central economic engine for the region, supported by robust infrastructure and proximity to major interstate corridors. Business buyers and investors often look to this submarket for its consistent tenant demand and historical stability. The site at 268 Franklin Avenue is well-positioned to serve local service providers or specialized commercial users who require direct access to the metro area's established professional community and dense residential surroundings.

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NOI
$80,000
Cap Rate
17.78%
DSCR
3.00
Strong
Cash-on-Cash
39.48%
Monthly Payment
$2,225.86
Annual Cash Flow
$53,289.683

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