Stanley and North st 250 North St and 950 Stanley St 16 Unit Apartment Building $1,825,000 ($114,063/Unit) 7.09% Cap Rate New Britain, CT 06051

Oxford Realty is pleased to present the opportunity to acquire a 16-unit mixed-use investment property strategically positioned along one of New Britain's primary commercial corridors. The property consists of 12 residential units (six 2-bedroom/1-bath units and six 1-bedroom/1-bath units) and four street-level commercial spaces, offering investors a diversified income stream. The commercial component is fully leased to a nail academy (occupying two storefronts), a pizzeria, and a mini market. The nail academy has made substantial tenant improvements, including the installation of commercial HVAC systems, ventilation, and interior build-outs, reflecting a long-term commitment to the property. The residential apartments are separately metered for electricity, with the landlord responsible for heat and hot water. Commercial tenants pay all of their own separately metered utilities, reducing operating expenses and enhancing the property's income profile.
The asset provides strong in-place cash flow with additional upside through residential rent growth as units turn over. Additional highlights include ample on-site parking, excellent street frontage and visibility, and a high-traffic location. Conveniently located just minutes from Central Connecticut State University (CCSU), Downtown New Britain, CTfastrak, and major highways including Route 9, Route 72, and Interstate 84, the property benefits from strong commuter access, a dense residential population, and proximity to major employers and retail amenities. This is an outstanding opportunity for investors seeking a stabilized mixed-use asset with long-term appreciation and income growth potential.