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75 Clark St 11 Unit Apartment Building $1,050,000 ($95,455/Unit) 6.97% Cap Rate New Britain, CT 06051
Executive Summary
A rare opportunity to acquire a high-performing 11-unit multifamily building in the heart of New Britain. This income-producing property features a mix of well-maintained units with strong occupancy and consistent cash flow. Tenants enjoy comfortable layouts and access to nearby shopping, dining, and public transportation. Ideal for seasoned investors looking to expand their portfolio in a stable rental market.
Owner currently pays utilities, creating a significant value-add opportunity through utility separation and individual metering, which could materially reduce operating expenses and improve NOI.
https://online.flippingbook.com/view/546964933/
Owner currently pays utilities, creating a significant value-add opportunity through utility separation and individual metering, which could materially reduce operating expenses and improve NOI.
https://online.flippingbook.com/view/546964933/
Property Facts
| Price | $1,050,000 | Building Class | C |
| Price Per Unit | $95,455 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 7,134 SF |
| Cap Rate | 6.97% | No. Stories | 3 |
| No. Units | 11 | Year Built | 1912 |
| Property Type | Multifamily | Parking Ratio | 6/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | MF - MF | ||
| Price | $1,050,000 |
| Price Per Unit | $95,455 |
| Sale Type | Investment |
| Cap Rate | 6.97% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 7,134 SF |
| No. Stories | 3 |
| Year Built | 1912 |
| Parking Ratio | 6/1,000 SF |
| Zoning | MF - MF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 2 | $1,200 | - |
| 2+1 | 9 | $1,250 | - |
1 1
Fairly walkable
50/100
Exceptionally drivable
90/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | NBRI-000007A-000000-C000030 | Improvements Assessment | $482,930 |
| Land Assessment | $115,500 | Total Assessment | $598,430 |
Property Taxes
Parcel Number
NBRI-000007A-000000-C000030
Land Assessment
$115,500
Improvements Assessment
$482,930
Total Assessment
$598,430
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75 Clark St
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