344 Broad St
New Britain, CT 06053
11% CAP in Little Poland · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Can be purchased as part of a 26 unit portfolio in New Britain, ask for more info.
- Newer Kitchens & Baths | Flooring, Fixtures & Paint
- Replacement Windows Throughout
- All Units Renovated
- Separate & Tenant Paid Utilities | Gas H & HW
- Ample Off-Street Parking
PROPERTY FACTS
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 4,601 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1890 |
ABOUT 344 BROAD ST , NEW BRITAIN, CT 06053
Don’t miss out on this opportunity to own a truly turn key investment property in Little Poland, New Britain with an actual 11% CAP rate and 25+% ROI. The property consists of (1) 5 bed unit + (5) 1 bed units, and is 100% occupied with historically low vacancy. There are no subsidy tenants. All of the units have been renovated with newer kitchens and baths + flooring, fixtures and paint. The utilities are separate and tenant paid – gas heat and hot water + updated electrical which is also separate and tenant paid. The siding is in good condition and there are replacement thermopane windows throughout. There is nice curb appeal and ample off-street parking at the side and rear of the property. This can also be purchased as part of a 26 unit portfolio in New Britain, please ask LA for more info. This is a great, turn key investment in Little Poland with 11% CAP rate (actual) and 14+% CAP proforma. Won’t last!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 5 | - | - |
| 5+1 | 1 | - | - |
PROPERTY TAXES
| Parcel Number | NBRI-000005C-000000-D000078 | Improvements Assessment | $205,730 |
| Land Assessment | $39,690 | Total Assessment | $245,420 |
ZONING
| Zoning Code | B3 |
