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.
| Website: | https://www.nestseekers.com/5687514 |
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| Address: | 324 South Main New Britain, CT 06051 |
| Ownership: | Multi-Family |
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| 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
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878 Phone: +1 203-204-9555 | |
| Listing Courtesy of Scott Hollister of eXp Realty | |