Investment

 

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.

11 UNIT INVESTMENT: Hartford, CT 11.11% Cap Rate, South End

$525,000

1880 Broad Street, Hartford, CT

Amodio & Co. Real Estate is pleased to offer 1880 Broad Street, a fully leased 11-unit apartment building located in Hartford, Connecticut’s South End neighborhood. 1880 Broad Street was built in 1923 and was extensively renovated in the late 1990s. At that time the property contained 18 units. As part of the renovations the property was downsized to its current 11 unit configuration.

1880 Broad Street features extremely large apartments with high rental income. The large unit size and high rent rates along with strong occupancy makes for a turnkey investment opportunity. The unit mix is made up of (3) one bedroom, (1) two bedroom, (2) three bedroom and (5) four bedroom apartment units. The property has been improved with many unit interior upgrades, a new HB Smith gas boiler, new replacement windows and a new roof.

1880 Broad Street is located within the South End neighborhood of Hartford within a half mile to the Wethersfield town line and in close proximity to the Silas Deane Highway, Route 15 and Interstate 91. This mixed use area, between New Britain Avenue and Maple Avenue, makes for a convenient and central location.

INDUSTRIAL FOR SALE: Hartford, CT – Showroom warehouse “The Toy Store”

· Industrial, Investment, Sale Listings

$790,000

19 Thomas St., East Hartford, CT 06108

Desirable “The Toy Store” building. Just off Connecticut Boulevard’s auto dealer district. 1/3 showroom/office, 2/3 drive-in 18 ft high bay construction. Fully leased. Divisible as 2-3 tenants. Two high drive-in truck doors plus drive into showroom.

Utilities

  • Electricity/Power
  • Sprinklers

Highlights

  • Signature building
  • Fully Sprinklered
  • 25 parking spaces
  • Zoned B3
  • Currently fully leased

I-84 East, Governor St. exit, Left on Governor, corner of first Right on Thomas. Just over the bridge from downtown Hartford.

INVESTMENT FOR SALE: Multi-Tenant NNN Investment Property

· Industrial, Investment, Sale Listings

FOR SALE: $1,231,600

9 & 11 OLD WINDSOR ROAD, BLOOMFIELD, CT

Amodio & Co Real Estate is pleased to exclusively offer for sale 9 &11 Old Windsor Rd., Bloomfield, CT. This investment offering represents an opportunity to acquire a fully leased, high-quality, single-story 20,000 square foot Flex-Space property. The two freestanding buildings on 2.0 acres are located in the I-2 zone.

The building is comprised of 6 flex-space rental units, each with various size offices and either overhead drive-in doors, loading docks or both. Clear height is 17 feet in the non-office areas. Each rental unit has separate lavatory facilities.

Paved off-street parking for 41 cars (plus) is supplied in both front and rear areas of the property. The building is fully occupied with a diverse Tenant base each paying their own utilities and reimbursing Landlord for operating costs on a NNN basis. There is a value-add opportunity for a future owner as the rents are at the lower end of the market. 100% Occupancy with separately metered Tenant paid utilities.

The property is well maintained and positioned with excellent frontage/visibility along CT-Route 305 at Rt. 187. Located between Hartford and the Bradley International Airport area with excellent access to Interstate highway I-91 via exit 37.