Listing Summary
We're excited to present 11 Charter Oak Place, a competitively priced adaptive reuse opportunity located in one of Hartford's most historic and sought-after neighborhoods.
Full Description
We're excited to present 11 Charter Oak Place, a competitively priced adaptive reuse opportunity located in one of Hartford's most historic and sought-after neighborhoods. This former convent is ideally situated adjacent to a stunning row of brownstones, which are currently selling for $225,000 to $315,000, underscoring the area's desirability.
This investment comes with city-reviewed plans for conversion into 16 distinct residential units, comprising one 2-bedroom unit (860 SF), eight 1-bedroom units (582 SF), and seven studio units (438 SF). The local rental market exhibits robust demand and strong pricing, making this a highly attractive venture. Nearby units at 37 Charter Oak Place, ranging from 500-700 SF with average finishes, are currently commanding $1,250 per month, while new 1-bedroom units are achieving $1,650. Studios, spanning 330-466 SF, rent for $1,300-$1,380, and 2-bedroom units typically secure around $1,800 per month.
Located within the distinguished Charter Oak Place Historic District, this property offers a rare blend of historic charm and modern convenience. It's just a short walk to Downtown Hartford, major employers, and a wealth of cultural attractions, making it an ideal location for young professionals and renters seeking character-rich residences. This investment is poised to benefit from rising property values, sustained strong rental demand, and exceptional walkability. With existing city-reviewed plans and a proven, high-demand rental market, this is a unique chance to capitalize on a well-positioned development in a thriving urban locale.
Quick Glance
- Listing ID:
CL-Connecticut-25293
- Status:
Active
- Year Build:
1913
- Building Size:
84,070 SqFt
- Lot Size:
1.93 Acr
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