Description
Remodeled 3-family in New Britain generating $54,840 gross annual income! All units tenant-occupied: 1st floor $1,500 lease exp 9/26; 2nd floor $1,500 lease exp 9/26 & 3rd floor $1,550 MTM (helps with mowing & snow removal). Tenants pay utilities. In place CAP Rate of 8%, Return on Investment of 8.4% and DSCR of 1.35. Each unit features 2 spacious bedrooms, living room, dining room & eat-in kitchen with hardwood floors and modern flooring throughout. Gas heat on 1st & 3rd floors, electric on 2nd. Brand new furnace (2025) on 1st floor. Laundry hook-ups in Units 1 & 3. 6 off-street parking spaces, set back from the street with amazing front yard. Low overhead and strong cash flow
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6BEDS
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0.22ACRES
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3BATHS
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01/2 BATHS
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3,714SQFT
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$121$/SQFT
School Information
Description
Remodeled 3-family in New Britain generating $54,840 gross annual income! All units tenant-occupied: 1st floor $1,500 lease exp 9/26; 2nd floor $1,500 lease exp 9/26 & 3rd floor $1,550 MTM (helps with mowing & snow removal). Tenants pay utilities. In place CAP Rate of 8%, Return on Investment of 8.4% and DSCR of 1.35. Each unit features 2 spacious bedrooms, living room, dining room & eat-in kitchen with hardwood floors and modern flooring throughout. Gas heat on 1st & 3rd floors, electric on 2nd. Brand new furnace (2025) on 1st floor. Laundry hook-ups in Units 1 & 3. 6 off-street parking spaces, set back from the street with amazing front yard. Low overhead and strong cash flow
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