527 Farmington Ave, Hartford, CT 06105

Farmington Ave is a brick, 30 unit building located in the West End of Hartford. The unit mix consists of 25 residential units and 5 commercial spaces with long term tenants. This asset has central gas heating system and tenant paid electric. The unit mix consists of: 24, 1 bedroom/1 bathroom units and 1, 2 bedroom/1 bathroom unit. The commercial spaces are occupied by: Amigo Market who has been a long term tenant since 2010; Mike Clothier Warehouse has been leasing space for 9 years and their lease expires in 2024; Monte Alban has occupied their space over 10 years and lease expires in 2030. The last 2 spaces are occupied by one tenant. The common areas are being upgraded as well. Brand new $10,000 hot water heating system installed April 2023. Retail tenants pay all utilities. Residential tenants pay electric. Landlord pays heat and hot water. Conventional or cash best option. FHA Self Sufficiency Metric is not met with Rental Amounts.