380 Arch St - Apartments FOR SALE


New Britain, CT 06051- New Britain/Newington/Wethersfield
$600,000 USD
203-314-4219
380 Arch St, New Britain, CT for Sale
$600,000 USD
Apartments - FOR SALE
1/14
null | 7.45% Cap Rate


HIGHLIGHTS

  • Desirable Location
  • 100% Occupied w/Cash Flow
  • Separate & Tenant Paid Utilities
  • Turn Key & Low Maintenance

OVERVIEW

Oxford Realty offers this excellent investment opportunity in the desirable city of New Britain with this 5-unit mixed-use property. The building features one street-level commercial unit and four residential apartments above, offering a solid income-producing opportunity. The residential unit mix includes one 1-bedroom apartment and three 2-bedroom apartments, all of which are well cared for with various updates such as vinyl plank flooring and select kitchen and bathroom improvements. Rents are currently below market, presenting excellent upside potential for a new owner. Utilities are fully separate and tenant-paid, with each apartment and the commercial unit equipped with its own electric panel, gas heating system, and hot water tank. Heating, hot water, and cooking are all gas. Additional highlights include on-street parking and no on-site laundry, helping to keep operating expenses and maintenance minimal. This is a strong investment opportunity in a growing market with room to increase returns. Ideally located with easy access to downtown, shopping, dining, and a wide variety of local amenities-making it highly attractive to both residential and commercial tenants.

FOR SALE DETAILS

PRICE

$600,000 USD

PRICE/SF

$149 USD /SF

# OF UNITS

5

PRICE/UNIT

$120,000

CAP RATE

7.45%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Units Mixed Use, Turn Key+Value Add

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

A3

APN/PARCEL ID

NBRI-000009B-000000-C000016

ASK ABOUT THIS PROPERTY

Amanda SheehanOxford RealtyMore Info
203-314-4219

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Amanda SheehanOxford RealtyMore Info
203-314-4219

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