246-252 North St - Apartments FOR SALE


New Britain, CT 06051- New Britain/Newington/Wethersfield
$1,825,000 USD
860-308-6115
246-252 North St, New Britain, CT for Sale
$1,825,000 USD
Apartments - FOR SALE
1/14
null | 7.09% Cap Rate


HIGHLIGHTS

  • Strong visibility along a primary commercial corridor
  • 16-unit mixed-use investment property
  • Desirable unit mix

OVERVIEW

Investment opportunity to acquire a 16-unit mixed-use asset positioned along one of New Britain’s primary commercial corridors. The property comprises 12 residential units—six 2-bedroom, 1-bath units and six 1-bedroom, 1-bath units, along with four commercial spaces. The commercial component is occupied by a nail academy utilizing two spaces, a pizzeria, and a mini market, providing diversified income across multiple uses. The landlord provides heat, while residential tenants are responsible for their separately metered hot water and electricity. The asset offers ample on-site parking, strong street visibility, and additional upside through rent growth as units turn over. The property is conveniently located near CCSU and Downtown New Britain, with easy access to public transportation and major highways.

FOR SALE DETAILS

PRICE

$1,825,000 USD

PRICE/SF

$141 USD /SF

# OF UNITS

16

PRICE/UNIT

$114,063

CAP RATE

7.09%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2008

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.64 AC

LAND SF

27,878 SF

ZONING

C

APN/PARCEL ID

NBRI-000007B-000000-B000103

ASK ABOUT THIS PROPERTY

Thuyan TranOxford RealtyMore Info
860-308-6115

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Thuyan TranOxford RealtyMore Info
860-308-6115

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