Multifamily

 

39-Unit Mixed Use Multifamily: New Britain, CT – $2.45M

· Investment, Multifamily, Sale Listings

$2,450,000

300 Main Street, New Britain, CT

Amodio & Co. Real Estate is pleased to offer 300 Main Street, a fully leased 39-unit mixed use apartment building located in downtown New Britain, Connecticut. The unit mix is made up of (7) one bedroom and (28) studio units and (4) retail stores. Gas fired central boiler heat/hot water is included in the monthly rent. Tenants pay separately metered electrical service. Each floor has a coin operated laundry rooms. The building is serviced by a 6-stop elevator.

The property has approvals in place for an additional (18) units to be built on the second floor and rear of the first floor; (16) 1-Bedrooms, (2) Studios, and (1) 2-Bedroom, along with a fitness center on 2nd floor and laundry facility.

16-Unit Multifamily – Meriden, CT – $735,000

· Multifamily, Sale Listings

$735,000

13-15 Cook Avenue, Meriden, CT

Amodio & Co. Real Estate is pleased to offer 13-15 Cook Avenue, a fully leased 16-unit apartment building located in Meriden, Connecticut. The unit mix is made up of (8) one bedroom and (8) studio units. The property has been improved with many unit interior upgrades, stainless appliances, as well as common area upgrades including an WiFi camera system. Oil fired heat/hot water and electric are included in the monthly rent.

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

$1,300,000

240 Main Street, New Britain, CT

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.