7-Unit Multifamily Portfolio: 190-194 North Street, New Britain, CT

 
· Multifamily, Sale Listings

$379,000 // 9.7% Cap Rate // 7 Units

Opportunity to own 7 units on two adjacent lots; comprised of (2) 2-families, (1) 3-family with expansion potential for other buildings on large lot. 5 units are rented (2-family & 3-family). One 2-family (#190 North) is vacant in need of rehab. Plenty of parking area. Expansion potential with oversized deep lot-possible to add additional multifamily, garages, or even more parking area! Newer mechanicals, electrical, hardwired camera systems, newer roofs and windows! Total land area 0.48 acres. NOI $36,637