18 Lincoln St - Apartments FOR SALE


New Britain, CT 06052
$3,000,000 USD
203-816-7926
18 Lincoln St, New Britain, CT for Sale
$3,000,000 USD
Apartments - FOR SALE
1/10
null | 7.23% Cap Rate

18 Lincoln St
New Britain, CT 06052


OVERVIEW

18 Lincoln Street Apartments is a 24-unit apartment complex consisting of 75% one-bedroom units and 25% two-bedroom units. This property presents a prime investment opportunity with partial stabilization already in place and significant potential for continued cash flow growth. With a 7%+ cap rate upon entry and the opportunity to reach 8%+ cap rate on pro forma, this asset offers strong upside potential. The property provides an excellent opportunity for investors seeking both immediate returns and long-term value growth. Situated in a desirable location, Lincoln Street Apartments offers a stable tenant base with room for rent increases and operational improvements.

FOR SALE DETAILS

PRICE

$3,000,000 USD

PRICE/SF

$105 USD /SF

# OF UNITS

24

PRICE/UNIT

$125,000

CAP RATE

7.23%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1928

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

T

APN/PARCEL ID

NBRI-000007B-000000-D000045

ASK ABOUT THIS PROPERTY

Zachary PintoAlpha Capital RealtyMore Info
203-816-7926

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Zachary PintoAlpha Capital RealtyMore Info
203-816-7926

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.