New Listing - 07/01/2024
315 High Street, New Britain, CT, 06051
![315 High Street, New Britain, CT, 06051](/Content/Images/_Placeholders/staticmap.jpg)
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