78 Rhodes Street

multifamily

78 Rhodes Street

New Britain, Connecticut 6051

Price

$489,111

Price/SF

$179.62/SF

Building Size

2,723 SF

Lot Size

0.32 acres

Year Built

1880

Units

3

Property Description

Exceptional opportunity to own a turnkey three-family property offering immediate cash flow and outstanding pride of ownership. Ideal for both investors and owner-occupants, the property features three spacious two-bedroom apartments, with two units currently leased at $1,900 and $1,850 per month and one vacant unit ready for owner occupancy or lease-up, providing additional income potential. Fully Occupied the income produces an attractive 8.8% in-place cap rate. Thoughtfully maintained and updated over the years, the property offers replacement windows, newer natural gas heating systems, newer vinyl siding, separately metered utilities, beautiful hardwood floors, off-street parking, and a generous backyard. A true turnkey investment with strong in-place returns and future upside, low deferred maintenance, and operational efficiency. This is an amazing opportunity to own a quality multifamily asset.

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Photo Gallery

78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street
78 Rhodes Street

Additional Details

Zoning

T

MLS Number

24197311

Property ID

0c67cca2-c33d-490f-951d-1f2d118a1a45

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MLS Information

MLS#: 24197311

Listed by: Century 21 AllPoints Realty

Agent: Lisa Cozzi • (860) 508-2102 • lisacozzi@lisacozziteam.com

This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.