91-99 Silver St - Apartments FOR SALE


New Britain, CT 06053- New Britain/Newington/Wethersfield
$865,000 USD
203-464-2434
91-99 Silver St, New Britain, CT for Sale
$865,000 USD
Apartments - FOR SALE
1/13
null | 8% Cap Rate


HIGHLIGHTS

  • Desirable Brick Construction
  • Deed Restricted Asset
  • Separately Metered Utilities
  • Off-Street Parking
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment properties located at 91 & 99 River Street in New Britain, CT (the “Properties”). The three-story buildings contain nine (9) total units, comprised of one (1) 4-Bedroom/1.5-Bathroom unit, two (2) 3-Bedroom/1.5-Bathroom units, and six (6) 2-Bedroom/1- Bathroom units. 91 Silver St contains six (6) 2-Bedroom/1-Bathroom units, while 99 Silver St contains one (1) 4-Bedroom/1.5-Bathroom unit and two (2) 3-Bedroom/1.5-Bathroom units. The Properties contain a combined 11,178 square feet of gross living area in 16,617 square feet of gross area. The Properties are situated upon 0.34-acres of land and feature fifteen (15) off-street parking spaces. 91 & 99 Silver Street are well-positioned just west of downtown New Britain, offering convenient access to the city's central business district, neighborhood retail corridors, and established residential neighborhoods. The properties benefit from excellent connectivity to major regional roadways including Route 72, Route 9, and Interstate 84, providing efficient access throughout Central Connecticut, including Hartford, Bristol, Waterbury, and the broader Interstate 91 corridor. Their central location places residents within minutes of employment centers, public transportation, shopping, dining, and everyday conveniences, supporting long-term residential demand and tenant appeal.

FOR SALE DETAILS

PRICE

$865,000 USD

PRICE/SF

$67 USD /SF

# OF UNITS

9

PRICE/UNIT

$96,111

CAP RATE

8%

% 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

15

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,810 SF

ZONING

-

APN/PARCEL ID

NBRI-000005D-000000-D000149

ASK ABOUT THIS PROPERTY

Tim HinesHorvath & TremblayMore Info
203-464-2434

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

Tim HinesHorvath & TremblayMore Info
203-464-2434

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