88 Tremont StNew Britain, CT 06051

Property Details for 88 Tremont St

Year built

1885

Lot size

0.08 AC

Property size (Sq ft)

2,625 SF

Zone code

T

Property type

Residential income properties

Property subtype

Residential income homes

APN

NBRI M:C6D B:159

APU

NBRIMC6DB159

Description

This exceptional two-story apartment building at 88 Tremont Street in New Britain, Connecticut, presents a compelling investment opportunity. Priced at $425,000, this property boasts a strong 7.84% capitalization rate and a healthy net operating income (NOI) of $33,320. Currently operating at 100% occupancy, the building comprises four individual units, each featuring one bedroom and one bathroom. All utilities (gas, hot water, and electric) are individually metered and paid by tenants. Recent upgrades significantly enhance the property's value and appeal, including a brand new roof, updated flooring, upgraded electrical systems, replacement windows, and renovated bathrooms in select units. Residents enjoy the convenience of off-street parking. The property's strategic location provides easy access to public transportation and Interstate 84, making it an attractive option for tenants. The price per unit is $106,250, reflecting a strong value proposition in the Hartford County market. This is a turnkey investment ready for immediate cash flow. The property is situated in the 06051 zip code.

Location Insight

City

New Britain

County

Hartford

State

Connecticut

Latitude

41.6762

Longitude

-72.7782

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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