Investing in Hartford - Opinions and Property Manager

[Francisco Ruiz]

Considering investing in small multifamily properties in Hartford, CT.  Would be a new investor in the market so would like to get some general feedback on particular areas of Hartford that are more desirable vs others.  Am looking at a 6 unit, which is between the Barry Square and South End areas, any thoughts on that area?  Also, would be looking to connect with and talk to some local property management firms that serve the Hartford area.

Thanks!

[William Joseph]

My company manages a number of units in Hartford. Those 6 units can be money makers if you buy it right. I wouldn't pay more than 60K a door unless it is turn key. The taxes are high and at that size you don't have a super. Tenant screening in Hartford is very important. You need to have a strategy and can't think you will be getting nurses or people who work in the office buildings down town. PM me if you have a question on a specific property.