New to the market- Buyers take notice. 270 Linwood is a three story, wood shingle building containing a total of three (3), 2-bedroom/1- bathroom units, built in 1924. It has a total of 4,218 square feet and is situated on .16 acres with a three car garage. Will not qualify for FHA, rehab loan or cash only.LOCATION: The Property is well-located in central New Britain with convenient access to Interstate 84, CT Route 9 and CT Route 72. CT Transit bus transportation is available on Kensington Ave. STRONG RENTAL DEMOGRAPHICS: An impressive 160,000+ people live within 5 miles of the Property with an average household income of $89,000. SEPARATE UTILITIES: Each unit is separately metered for electricity and gas and oil (heat), which the Tenants pay directly. The Landlord is solely responsible for hot water.VALUE-ADD OPPORTUNITY: Already in a positive cash position, this building has 0% vacancy! Below market in-place rents offer the potential for increased income! The opportunity exists to increase the net income through improved management, cosmetic upgrades to the building, garage, and landscaping, and through upgrades to the unit interiors.
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