445-451 Columbus Blvd - Apartments FOR SALE


New Britain, CT 06051- New Britain/Newington/Wethersfield
$999,000 USD
860-335-0681
445-451 Columbus Blvd, New Britain, CT for Sale
$999,000 USD
Apartments - FOR SALE
1/17
null | Request Cap Rate

445-451 Columbus Blvd
New Britain, CT 06051
New Britain/Newington/Wethersfield


HIGHLIGHTS

  • Rare Turnkey 6-Unit Opportunity with Immediate Value-Add Upside Two buildings on one parcel featuring oversized 1000 sq. ft 2BR units w/ high ceilings
  • Exceptionally maintained property with newer roofs, siding, windows, gas lines, heating updates, electrical improvements, hot water heaters, chimney
  • Approximately $9,000/month stabilized rental income potential with separate tenant-paid heat/electric

OVERVIEW

Rare opportunity with room for negotiation - MUST SEE to appreciate! This one has it all - income, condition, stability AND upside. Excellent opportunity to acquire a impeccably maintained 6-unit multifamily property consisting of two buildings on one parcel in New Britain. The property is in excellent condition and has benefited from numerous capital improvements, making it an attractive investment for both seasoned and first-time multifamily investors. Tan building has extensive updates, including a new roof, siding, windows, and gas lines, while the brick building also features a newer roof, heating system and updated electrical service. Additional improvements include a chimney updates completed in 2021, newer hot water heaters, and fire code compliance upgrades throughout both properties. All units feature large sq. ft., with high ceilings, separate heat and electric, helping to minimize owner expenses and maximize operating efficiency. Income approximately $9000. per month. See income/expense disclosure. Plus a 5 bay garage in rear may add additional income. With strong rental demand, quality building systems, and pride of ownership evident throughout, this turnkey asset offers investors a rare combination of stability, condition, and upside - tremendous opportunity to increase income stream between bringing rents to market and renting out the garage spaces. Whether you're looking to expand your portfolio or complete a 1031 exchange, 445-451 Columbus Boulevard is a solid addition to any investment strategy.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$168 USD /SF

# OF UNITS

6

PRICE/UNIT

$166,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

T

APN/PARCEL ID

NBRI-000009A-000000-C000020

ASK ABOUT THIS PROPERTY

Michelle Lorenzettihttps://premierrealestategrp.com/More Info
860-335-0681

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Michelle Lorenzettihttps://premierrealestategrp.com/More Info
860-335-0681

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