240-242 Washington St - Apartments FOR SALE


New Britain, CT 06051- New Britain/Newington/Wethersfield
$880,000 USD
203-633-3867
240-242 Washington St, New Britain, CT for Sale
$880,000 USD
Apartments - FOR SALE
1/22
null | Request Cap Rate

240-242 Washington St
New Britain, CT 06051
New Britain/Newington/Wethersfield


HIGHLIGHTS

  • Off Street Parking
  • Large bedrooms
  • Separate utilities

OVERVIEW

Vanguard Private Client Group is proud to bring to market this well-positioned 8-unit investment property, ideal for investors targeting a high-growth area. The asset consists of a rear duplex with two 2-bedroom units and a front 6-unit brick building featuring large 1-bedroom apartments. With only two units currently vacant, this property offers immediate cash flow along with significant upside potential through renovations and rent increases. Located in a booming market, this is a strong value-add opportunity with long-term growth prospects. All separate utilities in good working condition. Gross Rent $8400/Mo

FOR SALE DETAILS

PRICE

$880,000 USD

PRICE/SF

$83 USD /SF

# OF UNITS

8

PRICE/UNIT

$110,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1910

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

A2

APN/PARCEL ID

NBRI-000006C-000000-C000050

ASK ABOUT THIS PROPERTY

Jeffrey PuciatoVanguard Private Client GroupMore Info
203-633-3867

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Jeffrey PuciatoVanguard Private Client GroupMore Info
203-633-3867

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