New Listing - 07/01/2024

$2,300,000 ($363.75 per sqft)

Est. Mortgage $11,630/mo *

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315 High Street, New Britain, CT, 06051

315 High Street, New Britain, CT, 06051
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30 rooms

12 beds

6 Full baths

1905

Units on different Floors

6,323 sqft

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.

Status:

Active

Type:

Multi-family

Units:

6

Zoning:

A2

Garage:

4-car Detached Garage, Paved, On Street Parking, Off Street Parking

Heating:

Other

Cooling:

None

Basement:

Full, Shared Basement

Parking:

6-car

Acreage:

0.2

Est. Taxes:

$13,470

Assessment

$351,890

Lot Description:

Level Lot

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

3

MLS #:

24029007

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Lisa Cozzi, Berkshire Hathaway NE Prop. Email: mulveylisa@gmail.com