HIGH NEW BRITAIN, CT 06051

Features

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Facts

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Description

This property is offered for sale with Owner Financing available. With Owner Financing, owners can offer flexible terms which allow buyers to purchase property without a traditional bank loan. This leaves more room for negotiation on loan terms and approvals.

rarely available 18 units with tenant paid utilities in the heart of little poland, new britain with in place cap rate of 7%!! pride of ownership u0026 management is very evident. owner acquired assets u0026 has been renovating units as each unit becomes available for a new renter. all units are 2 bedrooms and 1 bathroom. tenant paid utilities with natural gas for heating and updated electric. high st: brick asset with rents ranging from $1250-$1450. market rents are up to $1700/month. 5 out of the 6 units have been remodeled w shaker cabinets w stylish hardware, modern flooring, refinished hardwood floors u0026 tile in bathrooms. bathrooms have new vanities, toilets u0026 tile flooring. many of the windows have been replaced. there is ample parking u0026 2 garages each rented for $250. the 2nd asset on high st has 3 units totally remodeled with modern ny style finishes. rents range from $995-$1595. there is off street parking and 4 garages with 2 rented for $250 and $100. 91 lasalle has 3 units completely updated w rents ranging from $990-$1400 and this asset also has off street parking. there is tremendous upside through increasing rents which will bring the cap rate to 9.4%. this is a portfolio sale, and the assets will not be sold separately. there is no seller financing. rental info and financials are attached.