28-30 Sexton St
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28-30 Sexton St
5 Unit Apartment Building $800,000 ($160,000/Unit) 7.48% Cap Rate New Britain, CT 06051
Investment Highlights
- Updated Kitchens and Bathrooms
- Upside Rent Potential
- Convenient Location | Easy Access to Major Routes and Highways
Executive Summary
This solid 5-unit brick building is a prime opportunity for investors seeking a well-maintained property with great rent growth potential. This property has (4) units with 2 beds, 1 bath. And there is a larger unit on the first floor with 5 beds, 2 baths. Each unit is equipped with separate tenant-paid utilities, including gas boilers for baseboard heat and newer gas-fired water heaters. Key updates include: newer water meter (2 years old), rebuilt rear balcony, asphalt shingle roof - repaired and in excellent shape, and updated kitchens and bathrooms. This well-maintained building is ready to deliver strong cash flow with its solid infrastructure and recent updates. Convenient access to Routes 9, 72, and I-84. The first floor can be converted into 2 units to make the building a 6 unit. Buyers to do their own diligence.
Property Facts
| Price | $800,000 | Apartment Style | Low Rise |
| Price Per Unit | $160,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 7.48% | Building Size | 4,725 SF |
| No. Units | 5 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1915 |
| Property Subtype | Apartment | Parking Ratio | 1.27/1,000 SF |
| Price | $800,000 |
| Price Per Unit | $160,000 |
| Sale Type | Investment |
| Cap Rate | 7.48% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,725 SF |
| No. Stories | 3 |
| Year Built | 1915 |
| Parking Ratio | 1.27/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Tub/Shower
- Smoke Free
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+1 | 1 | - | - |
| 2+1 | 4 | - | - |
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Walk Score ®
Very Walkable (74)
PROPERTY TAXES
| Parcel Number | NBRI-000006D-000000-C000057 | Improvements Assessment | $244,860 |
| Land Assessment | $49,700 | Total Assessment | $294,560 |
PROPERTY TAXES
Parcel Number
NBRI-000006D-000000-C000057
Land Assessment
$49,700
Improvements Assessment
$244,860
Total Assessment
$294,560
zoning
| Zoning Code | T |
| T |
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28-30 Sexton St
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