This is a partially remodeled, mixed-use opportunity close to downtown New Britain with a proforma 14% CAP rate. The property consists of 1 commercial unit on the ground floor and (4 1 bed/1 bath apartments. The apartments have just been remodeled (2019 and feature: high ceilings, hardwood floors, oak cabinets, EIK w/pantry, tub surrounds, new vanity & toilets. The apartments are 100% occupied. The Property has new windows and roof (completed in 2007, neutral paint colors, clean common areas and new interior doors. There are separate and tenant paid utilities: 4 boilers & 5 hot water heaters (gas heat & hot water + separate electrical (panels in units. Boilers & H20 heaters installed in 2014. There is off-street parking for approx. 16 spaces behind the building. Great opportunity with value add potential. The commercial space is vacant + needs complete renovation, including: heating system, flooring, sheet-rock.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
