202 Main St
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202 Main St
4 Unit Apartment Building $700,000 ($175,000/Unit) New Hartford, CT 06057
Executive Summary
This prime investment opportunity in desirable New Hartford features well-maintained units with tenants responsible for their own utilities, minimizing landlord expenses. While current rents are below market, the landlord is actively addressing this, creating significant potential for value appreciation. The property’s proforma CAP rate at market rents is projected at 6.73%, offering an attractive return for investors. With stable income and upside potential in a sought-after location, this asset is an excellent addition to a diversified portfolio.
Property Facts
| Price | $700,000 | Apartment Style | Low Rise |
| Price Per Unit | $175,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.43 AC |
| No. Units | 4 | Building Size | 5,389 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1940 |
| Price | $700,000 |
| Price Per Unit | $175,000 |
| Sale Type | Investment |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 5,389 SF |
| No. Stories | 3 |
| Year Built | 1940 |
Unit Amenities
- Kitchen
- High Speed Internet Access
- Oven
- Range
- Tub/Shower
- Freezer
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | - | - |
| 2+1 | 1 | - | - |
| 3+2 | 1 | - | - |
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zoning
| Zoning Code | R15 |
| R15 |
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202 Main St
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