467 Allen St - Apartments FOR SALE


New Britain, CT 06053- New Britain/Newington/Wethersfield
$2,450,000 USD
860-308-6115
467 Allen St, New Britain, CT for Sale
$2,450,000 USD
Apartments - FOR SALE
1/11
null | 8% Cap Rate


HIGHLIGHTS

  • TURN KEY

OVERVIEW

Turnkey 18-Unit Brick Building in Prime Location, an excellent opportunity to acquire a fully operational 18-unit brick building in the heart of New Britain. This well-maintained asset features spacious 2-bedroom, 1-bath units, with approximately 90% of them thoughtfully upgraded with new flooring, contemporary kitchens, and renovated bathrooms. Recent capital improvements include a new roof with a 25-year warranty. Additional features include off-street parking and a coin-operated laundry facility in the basement. Heat and hot water are currently covered by the landlord. Ideally situated just 0.6 miles from Central Connecticut State University, the property is also within walking distance to Walnut Hill Park and offers convenient access to I-84. The location combines urban convenience, strong educational demand, reliable transit access, and a culturally vibrant community.

FOR SALE DETAILS

PRICE

$2,450,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

18

PRICE/UNIT

$136,111

CAP RATE

8%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Allen Street Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1964

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.59 AC

LAND SF

25,914 SF

ZONING

M1

APN/PARCEL ID

NBRI-000005D-000000-B000110

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 Policy.