59 Trinity
New Britain, CT 06051

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 16 BR
Bathrooms: 5
Area: 6119 sq ft

Financials

Price:$724,500
Annual Taxes:$13,299
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Ali White Ginnett of Coldwell Banker Realty

Exceptional 5 unit investment opportunity offering strong in place income with clear potential to exceed 100, 000 in annual revenue.

Description

Exceptional 5-unit investment opportunity offering strong in-place income with clear potential to exceed $100,000+ in annual revenue. This well-maintained property currently generates approximately $93,300 per year, with all utilities paid by tenants, resulting in a highly efficient, low-expense operation. The property features a highly desirable unit mix, including three large 3-bedroom units (each approximately 1,400+ sq ft) in the front building, along with a 2-bedroom and a rare 5-bedroom unit in the rear building. Each unit is equipped with its own washer and dryer, a highly sought-after amenity that enhances tenant retention and rental value. Significant capital improvements have been completed since ownership, totaling in excess of $175,000. Updates include a new roof on the front building (2025), new siding on the front building (2025), and new siding on three sides of the rear building. Interior upgrades have been completed throughout as needed, including updated kitchens with new cabinets, countertops, and appliances, as well as improvements to flooring and windows. Two units are currently on month-to-month leases, offering immediate opportunity for rental adjustments and increased cash flow. Several units are below current market rents, presenting a clear value-add opportunity for investors seeking to reposition the asset and maximize returns. With tenant-paid utilities, strong existing occupancy, and substantial recent improvements, scroll down

Amenities

  • Elementary School - Per Board of Ed
  • High School - Per Board of Ed
  • Intermediate School -

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