660 Farmington Avenue
- Trophy Location: Prime West End location directly on the West Hartford line, one of the city’s most desirable and supply-constrained residential neighborhoods.
- Proven Rent Growth: Current average rents sit at approximately $1,170, while renovated units in the neighborhood command $1,575 or more, offering immediate 35%+ revenue upside.
- Recent Capital Improvements: Significant investment in unit renovations, common areas, and building systems (including a new 100-gallon hot water heater in November 2024) positions the asset for immediate yield growth with minimal heavy lifting.
Property Description
Northeast Private Client Group is pleased to present the exclusive listing of 660 Farmington Avenue, an 18-unit apartment community located in the heart of Hartford’s West End. Situated directly on the West Hartford line, this asset offers investors a rare combination of premier location quality and significant value add potential. The property has undergone meaningful capital investment in recent years, with a number of units renovated during current ownership. Current in-place rents trail the market significantly. With average rents sitting at approximately $1,170 and renovated comparables in the immediate vicinity achieving $1,575 or more, 660 Farmington Avenue offers a clear path to increased yield. A new owner can capitalize on the completed common area and unit improvements while continuing to push rents to market levels on turnover. The asset benefits from strong underlying rental demand driven by its proximity to West Hartford Center, major employment nodes, and the University of Connecticut School of Law and tenants who value the area’s historic character and walkability.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,550,000 |
| No. of Units: | 18 |
| Opportunity Zone: | No |
| Price per unit: | $86,111 |
| Property Website | Click Here |
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