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Published on: Thursday, July 11, 2024
Updated on: Friday, March 28, 2025
About the Lister
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Name: Lisa Cozzi
Company: Lisa Cozzi Team Century 21 All Points Realty
Office Phone: 860-508-2102
Cell Phone: 860-508-2102
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315 High St New Britain, CT 06051 New Brit Connecticut , 06051
315 High St New Britain, CT 06051 New Brit Connecticut , 06051  Lisa Cozzi Team Century 21 All Points Realty
Listing ID: CL-Connecticut-10900 Mid-rise/Multifamily

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7
Net Operating Income: Contact Lister
Quick Glance
Listing ID: CL-Connecticut-10900
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1905
Building Size: 6,323.00 SqFt
Lot Size: N/A
No of Stories: N/A
No of Parking: 4
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Rarely Available 18 units with tenant paid utilities in the heart of Little Poland,
Complete Details
Year Build: 1905
Building Size: 6,323
No of Stories: N/A
Total Lot Area: N/A SqFt.
No of Parking: 4
No of Total Units: 6
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: B
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

Rarely Available 18 units with tenant paid utilities in the heart of Little Poland, New Britain with in place CAP RATE OF 7%!! Pride of Ownership & Management is very evident. Owner acquired assets & has been renovating units as each unit becomes available for a new renter. All units are 2 bedrooms and 1 bathroom. Tenant Paid utilities with natural gas for heating and updated electric. High St: Brick asset with rents ranging from $1250-$1450. Market Rents are up to $1700/month. 5 out of the 6 units have been remodeled w Shaker cabinets w stylish hardware, modern flooring, refinished hardwood floors & tile in bathrooms. Bathrooms have new vanities, toilets & tile flooring. Many of the windows have been replaced. There is ample parking & 2 garages each rented for $250. The 2nd asset on High St has 3 Units totally remodeled with modern NY style finishes. Rents range from $995-$1595. There is off street parking and 4 garages with 2 rented for $250 and $100. 91 LaSalle has 3 Units completely updated w rents ranging from $990-$1400 and this asset also has off street parking. There is tremendous upside through increasing rents which will bring the CAP RATE to 9.4%. This is a portfolio sale, and the assets will NOT be sold separately. There is NO SELLER FINANCING. Rental info and financials are attached.

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Property Other Use
  • Multi-Family
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