Properties

Property Description

Well-maintained brick apartment building offering current cash flor with significant upside potential. The property features all one-bedroom, one-bath units w/approx. 590 SF each. Units offer functional, open layouts with EIK and living rooms, along with a mix of vinyl flooring and carpet throughout. Select apartments include updated baths with tile finishes and stand-up showers. Major improvements have been completed, including conversion from oil to gas heat in 2025, installation of hardwired smoke detectors throughout (approx. $20,000 investment), and energy-efficient motion-sensor lighting in common hallways to reduce operating costs. Heat and hot water are landlord paid, while the electrical are separately metered and tenant paid. The roof is in good condition and there are many replacement windows throughout. The property includes five off-street parking spaces at the rear, currently generating additional monthly income. Rents are below market, presenting a clear value-add opportunity with a projected 9% pro-forma cap rate. Ideally located in Parkville, with close proximity to downtown, major highways, and within walking distance to restaurants, shopping, and everyday conveniences. A solid investment opportunity with solid recent upgrades and growth potential.

Features
Heating System:
Baseboard
Cooling System:
No
Foundation Type:
Masonry, Stone
Heat Fuel Type:
Natural Gas
Exterior Features:
Gutters, Lighting, Awnings, Sidewalk
Flooring:
Vinyl, Wall-to-wall Carpet, Tile
Fireplaces Total:
0
Parking Total Spaces:
5
Location:
Highway Access, Downtown, Urban
Lot Description:
Level Lot
Water Source:
Public Water Connected
Address Map
Street:
Park
Street Number:
1963
Floor Number:
0
Longitude:
W73° 17′ 46.3”
Latitude:
N41° 44′ 35.2”
MLS Addon
Office Name:
Oxford Realty
Agent Name:
Amanda Faroni-Sheehan
List Agent MLSID:
FARONIAM
List Office MLSID:
13737
Tax Year:
July 2025-June 2026
Directions:
Prospect Ave to Park St or Sisson Ave to Park St.
HOA Fee Amount:
$0
Parcel Number:
598131
Property Tax:
$29,215
Zoning:
NX-2

Commercial For Sale

1963 Park, Hartford, 06106

0 Bedrooms
12 Bathrooms
7,104 Sqft
$1,200,000
Listing ID #24155595
Basic Details
Property Type :
Commercial For Sale
Listing Type :
For Sale
Listing ID :
24155595
Price :
$1,200,000
Bedrooms :
0
Baths Total :
12
Bathrooms :
12
Half Bathrooms :
0
Square Footage :
7,104 Sqft
Year Built :
1900
Lot Area :
0.12 Acre
City:
Hartford
Zipcode:
06106
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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