170-unit apartment portfolio listed in Hartford’s west end
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Some of the buildings for sale in a Hartford portfolio.
A 28-building portfolio with 170 apartment units and office space in Hartford’s west end has been listed for more than $15 million.
The properties range from three-family homes to 12-unit apartment buildings all owned by real estate investment firms controlled by Alex Agin of Adir Realty, according to property records.
The portfolio of market rate apartments was listed earlier this week for $15.3 million, or $90,000 per unit.
Adir Realty “strategically accumulated” the buildings in a tight area of Hartford over the years, according to Taylor Perun, who is the lead broker for Shelton-based Northeast Private Client Group, which has the listing.
“There are multiple properties, but they aren’t scattered around,” and are instead all located in a half-mile radius of each other, with 146 of the 170 units located within three blocks.
Additionally, the properties are professionally managed and maintained, Perun said, allowing an investor to come in and pick up immediately a large portfolio in the city’s west end, which is five minutes from Blue Back Square and downtown West Hartford.
The listing has gained strong interest so far from potential investors, Perun said.
The buildings offer a mix of studio apartments up to larger four-bedroom units. Around half of the units are two-bedroom or larger, brokers with Northest said.
Most of the buildings have off-street parking for tenants and guests and laundry access.
Properties include:
Warrenton Ave. 9-11
Beacon St. 28-30
Kibbe St. 28-30
Oxford St. 39-41, and 47
Evergreen Ave. 63-65
Sisson Ave. 149-151, 155-157, 159-161, 163-165 and 167-169
South Whitney St. 150, 154, 155-163, 178-188, 224, 226, 240, 242-244, 245-251, 246-248, 250-252, and 254-256
Broad St. 1802-1804
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