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Browse More Listings in Multifamily For Sale, New Britain, CT or Connecticut

Multifamily Property For Sale

608 MAIN STREET

608 MAIN STREET, New Britain, CT 06050

Price:
$325,000
No. Units:
19
Building Size:
25,552 SF
Price/Unit:
$17,105.26
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Year Built:
1915
Lot Size:
0.25 AC
Find Out More...

Last Verified 11/4/2009 Listing ID 14623816

Description

According to the owner, this rehab project had a roof installed in 2003 and has 3-phase - 400 amp service on site. The property plans consist of 4 retail units, 3-4 br, 9-3 br & 3-1 br units. The city and state have made dramatic improvements to the street and immediate area recently that include lights, brick sidewalks as well as a repaved road in the front of the property. There is a mall across the street. Downtown and city hall are a short walk down the block. The property abuts Broad Street with its many restaurants and retail shops. Parking is available for the development to be purchased from the city.

NEW BRITAIN, CT

Financial Summary

Unit Mix Information

Debt & Equity Information

Proforma
Scheduled Gross Income
$256,680
Effective Gross Income
$247,346
Operating Expenses
$50,635
Net Operating Income
$196,711
Pre-Tax Cash Flow
$166,929

Description	No. Units
Retail	4
One Bedroom	3
Three Bedroom	9
Four Bedroom	3

Map of 608 MAIN STREET, New Britain, CT 06050 (Hartford County)

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Joseph Shertick (860) 965-4179

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Created 5/16/2006

Additional Information for 608 Main Street, New Britain, CT 06051

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 0 Historic Listing
Sales Comparables Available - 0 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 608 MAIN STREET

608 MAIN STREET, New Britain, CT, 06050