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1145-1147 New Britain Ave 8 Unit Apartment Building $1,295,000 ($161,875/Unit) 6.02% Cap Rate West Hartford, CT 06110



EXECUTIVE SUMMARY
Prime West Hartford Mixed-Use Investment Opportunity! Rarely available 8-unit mixed-use property situated in a high-traffic, visible location on New Britain Avenue. The building features significant recent upgrades, including a new roof, new gas burner, and a freshly paved parking lot. All residential units have been fully renovated with updated kitchens and bathrooms, providing strong tenant appeal and minimal deferred maintenance. The property offers an excellent unit mix, featuring Four 1-bedroom/1-bath, providing diverse rental options and steady occupancy. The commercial tenants - a lash studio, tattoo studio, Office and barbershop - are long-term and stable, contributing to consistent cash flow and reliable income. Ample off-street parking accommodates both residential and commercial occupants. Ample off-street parking is available for both residential and commercial occupants. This is an ideal opportunity for investors seeking a turnkey asset in a prime West Hartford corridor close to shopping, restaurants, and major commuter routes.
PROPERTY FACTS
| Price | $1,295,000 | Apartment Style | Low-Rise |
| Price Per Unit | $161,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 6.02% | Building Size | 6,582 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1932 |
| Property Subtype | Apartment | Parking Ratio | 1.52/1,000 SF |
| Zoning | BC - Business Commercial | ||
| Price | $1,295,000 |
| Price Per Unit | $161,875 |
| Sale Type | Investment |
| Cap Rate | 6.02% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 6,582 SF |
| No. Stories | 3 |
| Year Built | 1932 |
| Parking Ratio | 1.52/1,000 SF |
| Zoning | BC - Business Commercial |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Tub/Shower
- Freezer
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Number | WHAR-000014G-003771-001145 | Improvements Assessment | $188,650 |
| Land Assessment | $111,580 | Total Assessment | $300,230 |
PROPERTY TAXES
Parcel Number
WHAR-000014G-003771-001145
Land Assessment
$111,580
Improvements Assessment
$188,650
Total Assessment
$300,230
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1145-1147 New Britain Ave
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