Investment Opportunity with Timeless Character !


Property

Website:https://www.nestseekers.com/5527021
Address:
481 Park
New Britain, CT 06051
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 8 BR
Bathrooms: 4
Area: 3986 sq ft

Financials

Price:$624,900
Annual Taxes:$10,109

Description

Investment Opportunity with Timeless Character! This well-maintained 4-family property offers the perfect blend of charm, functionality, and income potential. Nestled on a quiet street, the home showcases beautiful architectural character, inviting front porches, and private entrances for each unit, creating a welcoming atmosphere and added privacy for residents. Each of the four spacious units features 2 bedrooms, 1 full bath, and the convenience of in-unit washers and dryers. The property is serviced by natural gas heating and offers separate utilities, making management more efficient and appealing to both owners and tenants. A rare 3-car garage provides valuable parking and storage options, additional rental income. The walk-out basement offers additional flexibility and utility. With strong rental demand, attractive amenities, and excellent income-producing potential, this property is an outstanding opportunity for investors or owner-occupants seeking long-term value in a desirable location. Currently one unit is owner occupied. All units are up to code.

Amenities

  • Covered Deck
  • Elementary School - Per Board of Ed
  • High School - New Britain
  • Intermediate School -
  • Sidewalk
  • Stone Wall
  • Storm Doors
  • Thermopane Windows
  • Window Unit

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Tracy Molloy of Coldwell Banker Realty