Allen Street Apartments 467 Allen St 18 Unit Apartment Building $2,450,000 ($136,111/Unit) 8% Cap Rate New Britain, CT 06053

Turnkey 18-Unit Brick Building in Prime Location, an excellent opportunity to acquire a fully operational 18-unit brick building in the heart of New Britain. This well-maintained asset features spacious 2-bedroom, 1-bath units, with approximately 90% of them thoughtfully upgraded with new flooring, contemporary kitchens, and renovated bathrooms. Recent capital improvements include a new roof with a 25-year warranty. Additional features include off-street parking and a coin-operated laundry facility in the basement. Heat and hot water are currently covered by the landlord. Ideally situated just 0.6 miles from Central Connecticut State University, the property is also within walking distance to Walnut Hill Park and offers convenient access to I-84. The location combines urban convenience, strong educational demand, reliable transit access, and a culturally vibrant community.