Considering a property in Hartford, CT area
Hi Everyone,
We are considering purchasing a 12 unit property in Hartord, CT area. We don't live in the area. We live upstate NY. We have a good agent who has sent this deal our way. I'm just doing some due diligence in terms of what the community here thinks of the area. The property is located on Capitol Ave. Buildings have been as a condo status since before the current owner purchased it.
I'm not familiar with how this works when apartment units have been set up as condo status and the pros and cons associated with that. Looking for help from the fellow investors in the area here.
Any comments you can provide regarding the area or about the apartments set up as condo status or anything else I should know about, would be appreciated!
Thanks in advance!
Sam