Smart MLS #24042284
631 Farmington Ave,
Hartford, CT 06105
☆
For Sale
Commercial$1,800,000
25298 Sqft · 2 Units · INVEST,OFFICE
Attention investors! this turnkey commercial office building presents an excellent opportunity for those looking to expand their portfolio with stabilized rental income. fully leased until 2030 with two long term tenants. larger unit has occupied the building 35+ years, and the second tenant has been there 14 years. leases increase annually by 2.5%. situated in hartford's west end, with easy highway access and public transit. substantial upgrades include energy efficient lighting, new fire alarm system, new hvac system, updated restrooms, and a complete renovation of the second floor. ample parking (50+ spaces) located on the front, side, and rear of the building. the partially finished basement offers potential to further maximize rental revenue. minimal owner responsibility, this property would be ideal for a 1031 exchange or for the newer investor looking to get into commercial real estate. detailed expense sheet available upon request.
Map
Listing
Market Stats
- List $1,800,000
- Original $2,100,000
- 212 Days on Market
Real Estate Agent
Details
Building
- Built 1960
- 2 Units
Sqft
- 25298 Total Sqft
Lot / Land
- 0.78 Acres
- 900 Neighborhood
- Level Lot
- TOWN,PAVED
Utilities
- Hot Air
- Natural Gas
- Central Air
- Public Water
- Public Sewers
Rental
- 2 Tenants
Taxes
- Assessment $945,770
- Mill Rate 68.95
- Taxes $65,211
- Parcel Num 598625
Mortgage Calculator
- 30yr Fixed-Rate Loan
- 6.83% Interest
- Purchase Price $1,800,000
- Down Payment $360,000 (20.00%)
Estimated Payment with
30yr Fixed Rate Mortgage
30yr Fixed Rate Mortgage
Monthly
$14,851
$14,851
Monthly Est. $14,851
Yearly Est. $178,209
30yr Est. $5,346,276
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This real estate listing for sale at 631 Farmington Ave is presently used as Office with 25298 total sqft and was built in 1960. It is located in the Hartford, Connecticut area with the 06105 zip code. For more info about the property at 631 Farmington Ave, Hartford, CT 06105 United States or if you would like to schedule a showing, please contact the listing agent above.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:01:50. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.
Disclaimer: This data was sourced from Smart MLS and was last updated 2025-03-28 12:01:50. The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2021 SmartMLS, Inc.