18 Lincoln St
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18 Lincoln St
24 Unit Apartment Building $3,000,000 ($125,000/Unit) 7.23% Cap Rate New Britain, CT 06052
Executive Summary
18 Lincoln Street Apartments is a 24-unit apartment complex consisting of 75% one-bedroom units and 25% two-bedroom units. This property presents a prime investment opportunity with partial stabilization already in place and significant potential for continued cash flow growth. With a 7%+ cap rate upon entry and the opportunity to reach 8%+ cap rate on pro forma, this asset offers strong upside potential. The property provides an excellent opportunity for investors seeking both immediate returns and long-term value growth. Situated in a desirable location, Lincoln Street Apartments offers a stable tenant base with room for rent increases and operational improvements.
Property Facts
| Price | $3,000,000 | Apartment Style | Low Rise |
| Price Per Unit | $125,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.51 AC |
| Cap Rate | 7.23% | Building Size | 28,443 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Price | $3,000,000 |
| Price Per Unit | $125,000 |
| Sale Type | Investment |
| Cap Rate | 7.23% |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.51 AC |
| Building Size | 28,443 SF |
| No. Stories | 3 |
| Year Built | 1928 |
| Parking Ratio | 1.09/1,000 SF |
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PROPERTY TAXES
| Parcel Number | NBRI-000007B-000000-D000045 | Improvements Assessment | $928,620 |
| Land Assessment | $246,960 | Total Assessment | $1,175,580 |
PROPERTY TAXES
Parcel Number
NBRI-000007B-000000-D000045
Land Assessment
$246,960
Improvements Assessment
$928,620
Total Assessment
$1,175,580
zoning
| Zoning Code | T |
| T |
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Presented by
Alpha Capital Realty
18 Lincoln St
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