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Priced at $2,999,999, this 21-unit multifamily apartment building at 49 Chadwick Ave in Hartford, Connecticut, presents a stable investment in a key regional hub. The asset offers an opportunity for investors seeking exposure to the Hartford rental market, which serves a diverse population supported by strong regional employment sectors including insurance, healthcare, and education. Each unit is positioned to capture demand from local professionals and students requiring reliable housing near city amenities and transportation corridors. The property functions as a straightforward acquisition with a focus on consistent operational yield. With a valuation of $142,857 per unit and an 8% cap rate, the building is structured to appeal to buyers looking for cash flow performance in an established suburban submarket. Future owners may explore various management strategies to optimize long-term asset value while maintaining the property as a core component of a residential real estate portfolio.
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