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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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.
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