142-144 Oak St - Apartments FOR SALE


New Britain, CT 06051- New Britain/Newington/Wethersfield
$395,000 USD
860-674-8908
142-144 Oak St, New Britain, CT for Sale
$395,000 USD
Apartments - FOR SALE
1/26
null | 8.16% Cap Rate


HIGHLIGHTS

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

OVERVIEW

Well-maintained brick 4-family property featuring (3) 2-bedroom units, plus (1) first-floor 1-bedroom unit on the corner. Each unit has separate tenant paid utilities (natural gas & electric). Newer boilers & water heaters, updated electrical panels with separate owner meter. The property offers off-street parking and fire hydrant outside, often reducing insurance rates. Long-term live-in super handles repairs and maintenance. Current rents are well below market and currently all month to month, presenting immediate upside for investors through rent increases to market and/or ability to owner-occupy a unit. Central location near downtown New Britain, CCSU, Walnut Hill Park, shopping, and major highways (I-84 & Rt-9). Perfect for investors seeking strong cash flow growth or an owner-occupant looking to live affordably while collecting rent from three other units.

FOR SALE DETAILS

PRICE

$395,000 USD

PRICE/SF

$60 USD /SF

# OF UNITS

4

PRICE/UNIT

$98,750

CAP RATE

8.16%

% 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

Eric Amodio, CCIM, MBAAmodio & Co. Real EstateMore Info
860-674-8908

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Eric Amodio, CCIM, MBAAmodio & Co. Real EstateMore Info
860-674-8908

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.