For Sale
$649,900

300 Main StNew Britain, CT 06052

4-Unit Mixed-Use Building, New Britain, CT

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 4-unit mixed-use building situated at 300 West Main Street in New Britain, Connecticut. The property, a three-story, 3,174 square foot building constructed in 1900, sits on a 0.23-acre lot and is zoned RO. The building comprises three apartments – a one-bedroom, a two-bedroom, and an efficiency unit – and one office space currently under a one-year lease. Two of the apartments are updated and vacant, ready for immediate occupancy. The building boasts significant upside potential, with estimated rental income exceeding $4,550 monthly based on market rates of $1,150 for the one-bedroom and $1,300 for the two-bedroom units. The office space features a reception area, conference room, and three private offices, complete with central air conditioning. Building amenities include six or more parking spaces, gas heat and hot water, and a 200 AMP electrical service. Major upgrades, including window and roof replacements, were completed approximately 16 years ago. The property includes two boilers, one hot water heater, and one electrical system. All utilities are included in the rent. This prime location offers excellent visibility and is conveniently situated near Walnut Hill Park and the Museum of Natural Art. The asking price for this multifamily investment is $649,900. This property presents a compelling opportunity for both investors seeking strong returns and owner-occupants looking to offset mortgage costs.

Highlights

  • Exceptional 4-unit mixed-use investment opportunity in New Britain, CT.
  • Three-story, 3,174 sq ft building on a 0.23-acre lot, zoned RO.
  • Features three apartments (one 1-bed, one 2-bed, one efficiency) and one leased office space.
  • Two vacant, updated apartments ready for immediate occupancy; potential monthly rental income exceeding $4,550.
  • Office space includes reception, conference room, three private offices, and central AC.
  • Six+ parking spaces, gas heat & hot water, 200 AMP electrical service.

Property Details for 300 Main St

Property type
Mixed-use properties, Apartment buildings
Square Feet
3,174 SF
Class
C
Year Built
1900
Stories
3
Lot Size (sq. ft)
10,019 SF
Units
4

Location Insight

City
New Britain
County
Hartford
State
Connecticut
Latitude
41.6654873
Longitude
-72.7913832
300 Main St, New Britain, Connecticut

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300 Main St
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