Property
| Ownership: | Multi-Family |
|---|---|
| Type: | Multi-Family |
| Bedrooms: | 12 BR |
| Bathrooms: | 6 |
| Pets: | Pets Unknown |
| Area: | 6323 sq ft |
FinancialsPrice: $2,300,000 Annual Taxes: $13,931
| Price: | $2,300,000 |
|---|---|
| Annual Taxes: | $13,931 |
DescriptionRarely 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.
Amenities- Elementary School - Per Board of Ed
- High School - Per Board of Ed
- Intermediate School -
Neighborhood
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.
- Elementary School - Per Board of Ed
- High School - Per Board of Ed
- Intermediate School -
Neighborhood
Rarely Available 18 units with tenant paid utilities in the heart of Little Poland, New Britain with in place CAP RATE OF 7 !
DescriptionRarely 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.
Amenities- Elementary School - Per Board of Ed
- High School - Per Board of Ed
- Intermediate School -
Neighborhood
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.
- Elementary School - Per Board of Ed
- High School - Per Board of Ed
- Intermediate School -
Neighborhood
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