98 Russ Street

ATTENTION INVESTORS! Rare brick 3-family offering exceptionally large four-bedroom layouts, strong in-place income and significant rental upside. Each apartment is configured with 4 bedrooms, each with a window, closet and door, while still offering a separate living room and kitchen. Property has a history of housing-assisted tenancies utilizing the four-bedroom configuration. Fully occupied and currently generating $4,375/month ($52,500 annually). Units 2 and 3 were renovated in 2024. Seller's market-rent analysis supports approximately $1,850-$2,000/month per unit, or $5,550-$6,000/month total. Each apartment has separate gas and electric meters, plus a separate owner electric meter. Additional features include brick construction, approximately 4,671 SF of living area, rear parking and a detached 3-bay garage. Convenient Frog Hollow location near Hartford Hospital. Excellent opportunity for current cash flow and future NOI growth. Sold as-is. One of the parties to the LLC has an active real estate license. Each of the three apartments features an unusually large four-bedroom layout, with each bedroom having a window, closet and door, while still providing a separate living room and kitchen. The property has a history of housing-assisted tenancies utilizing the four-bedroom configuration. The first-floor rent is currently $1,500/month. Current rents total $4,375/month: Unit 1 at $1,500, Unit 2 at $1,500 and Unit 3 at $1,375. Units 2 and 3 were renovated in 2024. Seller's market-rent analysis supports approximately $1,850-$2,000/month per unit, representing potential total rents of approximately $5,550-$6,000/month ($66,600-$72,000 annually). Each apartment has its own separate gas and electric meter, with an additional separate owner electric meter for common areas. Owner currently pays water and common-area electric. Additional features include brick construction, approximately 4,671 SF of living area, rear parking and a detached 3-bay garage.