This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
50 Lorraine St
New Britain, CT 06051
Multiple Properties Portfolio - New Britain · Multifamily Property For Sale
·
6 Units
INVESTMENT HIGHLIGHTS
- Newer Kitchens & Baths | Flooring, Fixtures & Paint
- Updated Electrical
- Replacement Windows Throughout
- Separate & Tenant Paid Utilities
- Ample Off-Street Parking | + 2 Car-Detached Garage
- Can be purchased as part of a 26 unit portfolio in New Britain, ask for more info.
PROPERTY FACTS
| No. Units | 6 | Building Size | 8,235 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1925 |
| Building Class | C | Parking Ratio | 0.85/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | T | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 8,235 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
| Parking Ratio | 0.85/1,000 SF |
| Zoning | T |
ABOUT 50 LORRAINE ST , NEW BRITAIN, CT 06051
Don’t miss out on this opportunity to own a turn key investment property in a residential area of New Britain with a 10+% CAP rate and 21+% ROI. The property consists of (4) 2 bed unit + (2) 3 bed units, and is 100% occupied with historically low vacancy. There are no subsidy tenants. All of the units have been renovated with newer kitchens and baths + flooring, fixtures and paint. The utilities are separate and tenant paid – gas heat and hot water + updated electrical which is also separate and tenant paid. The brick is in good condition and there are replacement thermopane windows throughout. There is ample off-street parking in the rear of the property + a 2-car-detached garage for potential income. This can also be purchased as part of a 26 unit portfolio in New Britain, please ask LA for more info. This is a great, turn key investment in a residential area with 10+% CAP rate (actual) and 12+% CAP proforma. Won’t last!
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 3+1 | 2 | - | - |
PROPERTY TAXES
| Parcel Number | NBRI-000006B-000000-B000077 | Improvements Assessment | $322,700 |
| Land Assessment | $45,780 | Total Assessment | $368,480 |
PROPERTY TAXES
