49 Chadwick Ave

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49 Chadwick Ave

Hartford, CT 06106
Asking Price
$3.00M
Cap Rate
8%
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily apartment building available for purchase in Hartford
  • Total building footprint comprises 21 individual rental units
  • Asking price for the asset is set at $2,999,999
  • Investment offers a current cap rate of 8 percent
  • Asset maintains a per-unit valuation of $142,857
  • Located within the 06106 zip code of Connecticut

What's Special

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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NOI
$80,000
Cap Rate
2.67%
DSCR
0.45
Underwater
Cash-on-Cash
-10.90%
Monthly Payment
$14,842.358
Annual Cash Flow
$-98,108.298

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