Excellent investment opportunity featuring two residential buildings on one parcel a three family home plus a separate single family home, providing four total income producing units.


Property

Website:https://www.nestseekers.com/5687514
Address:
324 South Main
New Britain, CT 06051
Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 12 BR
Bathrooms: 5
Area: 6003 sq ft

Financials

Price:$599,900
Annual Taxes:$7,874

Description

Excellent investment opportunity featuring two residential buildings on one parcel - a three-family home plus a separate single-family home, providing four total income-producing units. All four units offer 3 bedrooms, with current gross rents totaling $6,211 per month/$74,532 annually. Property has benefited from extensive recent capital improvements including roofs, heating systems, kitchens, bathroom renovations, porches and gutters. Multifamily roof replaced in 2019 and single-family roof replaced in 2023. Single-family gas furnace replaced in 2026. Additional improvements include updated kitchens in the first and third-floor units and a recently renovated second-floor bathroom. Tenants responsible for their own utilities with owner responsible for water. Strong existing income with additional rental upside. Excellent opportunity for an investor looking to add a four-unit property with significant recent capital improvements to their portfolio.

Amenities

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

Contact

Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Listing Courtesy of Scott Hollister of eXp Realty