OOS Investment in Hartford Connecticut
OOS investor looking to make a purchase on a foreclosed home in the Hartford Connecticut area. Home seems to be in a Class C maybe D area. It’s a multi family unit (4 bed 2bath 1680square feet) 2 units. Auction starts at 69k. Homes around the area range around 140k and up.
How’s the Hartford Connecticut market?
Does it make sense to invest in a flip in this area?
Most Popular Reply
I know which property you’re referring to. I actually live down the road. As a neighbor, I’m very much not crazy about that immediate area. I also used to live on Park street which is a close cross street and it’s frankly a problem area in the city. I’m a local investor/landlord and licensed agent.
I would predict around 100-120 but this obviously depends on renovations. History of the property shows high # for DOM listed around 100-120 and an unsuccessful listing at the height of the market at 190 (wild..).
for investment properties Hartford is a highly competitive market. I would prepare to not get the property for the starting auction #.
hopefully this provides some insight.