315 High Street, New Britain CT 06051 (Off Market)

For Sale, USD 2,300,000
(Off Market)


315 High Street, New Britain CT 06051,

Property Type : Multi-Family Home

Property Style : N/A

Build Size : 6,323 ft² / 587 m²

Land Size : N/A

Bedroom : 12

Bathroom : 6

Half Bathroom : 0

MLS#: N/A


Property Description

Rarely Available 18 units with tenant paid utilities in the heart of Little Poland, New Britain with in place CAP RATE OF 7%!! Pride of Ownership & Management is very evident. Owner acquired assets & has been renovating units as each unit becomes available for a new renter. All units are 2 bedrooms and 1 bathroom. Tenant Paid utilities with natural gas for heating and updated electric. High St: Brick asset with rents ranging from $1250-$1450. Market Rents are up to $1700/month. 5 out of the 6 units have been remodeled w Shaker cabinets w stylish hardware, modern flooring, refinished hardwood floors & tile in bathrooms. Bathrooms have new vanities, toilets & tile flooring. Many of the windows have been replaced. There is ample parking & 2 garages each rented for $250. The 2nd asset on High St has 3 Units totally remodeled with modern NY style finishes. Rents range from $995-$1595. There is off street parking and 4 garages with 2 rented for $250 and $100. 91 LaSalle has 3 Units completely updated w rents ranging from $990-$1400 and this asset also has off street parking. There is tremendous upside through increasing rents which will bring the CAP RATE to 9.4%. This is a portfolio sale, and the assets will NOT be sold separately. There is NO SELLER FINANCING. Rental info and financials are attached.
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315 High Street, New Britain CT 06051, United States,Connecticut,New Britain is a 6,323ft² New Britain luxury Multi-Family Home listed for sale USD 2,300,000. This high end New Britain Multi-Family Home is comprised of 12 bedrooms and 6 baths. Find more luxury properties in New Britain or search for luxury properties for sale in New Britain.