Stanley and North st 246-252 North St 16 Unit Apartment Building $1,825,000 ($114,063/Unit) 7.09% Cap Rate New Britain, CT 06051

Investment opportunity to acquire a 16-unit mixed-use asset positioned along one of New Britain’s primary commercial corridors. The property comprises 12 residential units—six 2-bedroom, 1-bath units and six 1-bedroom, 1-bath units, along with four commercial spaces. The commercial component is occupied by a nail academy utilizing two spaces, a pizzeria, and a mini market, providing diversified income across multiple uses. The landlord provides heat, while residential tenants are responsible for their separately metered hot water and electricity. The asset offers ample on-site parking, strong street visibility, and additional upside through rent growth as units turn over. The property is conveniently located near CCSU and Downtown New Britain, with easy access to public transportation and major highways.