29 UNIT INVESTMENT: New Britain, CT 9.3% CAP, $1.3M

 

$1,300,000

240 Main Street, New Britain, CT

Offering Package

Amodio & Co. Real Estate is pleased to offer “Central Park Place Condominiums” a fully leased 29-unit condo complex located in New Britain, Connecticut. Located at 240 Main Street, the property was built in 1880 and was extensively renovated and converted to condos in the 1980’s. The entire property is comprised of 35 residential condo units and 3 retail condo units. This sale includes 28 residential condo units and 1 retail condo unit. The unit mix is made up of (24) one bedroom and (4) studio units. The property has been improved with many unit interior upgrades, a new fire alarm system, as well as common area upgrades including an IP camera system.

Central Park Place Condominiums are located within the South End neighborhood of Hartford within a half mile to the Wethersfield town line and in close proximity to Interstate 84, RT-72 and RT-9.