28-30 Sexton St - Apartments FOR SALE


New Britain, CT 06051- New Britain/Newington/Wethersfield
$800,000 USD
860-638-9748
28-30 Sexton St, New Britain, CT for Sale
$800,000 USD
Apartments - FOR SALE
1/14
null | 7.48% Cap Rate


HIGHLIGHTS

  • Updated Kitchens and Bathrooms
  • Convenient Location | Easy Access to Major Routes and Highways
  • Upside Rent Potential

OVERVIEW

This solid 5-unit brick building is a prime opportunity for investors seeking a well-maintained property with great rent growth potential. This property has (4) units with 2 beds, 1 bath. And there is a larger unit on the first floor with 5 beds, 2 baths. Each unit is equipped with separate tenant-paid utilities, including gas boilers for baseboard heat and newer gas-fired water heaters. Key updates include: newer water meter (2 years old), rebuilt rear balcony, asphalt shingle roof - repaired and in excellent shape, and updated kitchens and bathrooms. This well-maintained building is ready to deliver strong cash flow with its solid infrastructure and recent updates. Convenient access to Routes 9, 72, and I-84. The first floor can be converted into 2 units to make the building a 6 unit. Buyers to do their own diligence.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$169 USD /SF

# OF UNITS

5

PRICE/UNIT

$160,000

CAP RATE

7.48%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1915

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,705 SF

ZONING

T

APN/PARCEL ID

NBRI-000006D-000000-C000057

ASK ABOUT THIS PROPERTY

Sandy StricklingSky Realty GroupMore Info
860-638-9748

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

Sandy StricklingSky Realty GroupMore Info
860-638-9748

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