142-144 Oak St - Apartments FOR SALE


New Britain, CT 06051- New Britain/Newington/Wethersfield
$495,000 USD
203-273-5256
142-144 Oak St, New Britain, CT for Sale
$495,000 USD
Apartments - FOR SALE
1/8
null | 5.15% Cap Rate


HIGHLIGHTS

  • Prime Rental Location
  • Brick Construction | Low Maintenance
  • Large Unit Layouts

OVERVIEW

Oak Street Apartments is a 4-unit apartment complex consisting of 1 one-bedroom units and 3 two-bedroom units. This property presents a prime investment opportunity with low rents in place and significant potential for continued cash flow growth. The average rent 50-90% below the market average for the area, this asset offers strong upside potential. The property provides an excellent opportunity for investors seeking both immediate returns and long-term value growth. Situated in a desirable location in New Britain's Little Poland neighborhood. The property benefits from having seen capital improvements to the interior units including floors, walls, and light renovations to kitchens and bathrooms.

FOR SALE DETAILS

PRICE

$495,000 USD

PRICE/SF

$65 USD /SF

# OF UNITS

4

PRICE/UNIT

$123,750

CAP RATE

5.15%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

B1R

APN/PARCEL ID

NBRI-000006C-000000-B000086

ASK ABOUT THIS PROPERTY

203-273-5256

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203-273-5256

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