345 Arch StreetNew Britain, CT 06051MLS Number 170178918

  • Price: $325,000
  • Est. Mortgage of $/month
$
$
%
$/month over payments
Federal 30-year interest rate: 4.17% last updated on Apr 18, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 4Bedrooms
  • 0.24Acreage
  • 4Bathroom
  • 1889Year Built

This is a remodeled, mixed-use opportunity in New Britain with a 12% CAP rate. The property consists of 1 commercial unit on the ground floor, currently occupied and (4) 1 bed/1 bath apartments. The apartments have just been remodeled (2018-19) and feature: high ceilings, hardwood floors, oak cabinets, EIK w/pantry, tub surrounds, new vanity & toilets. The Property has new windows and roof (completed in 2007), neutral paint colors, clean common areas and new interior doors. There are separate and tenant paid utilities: 4 boilers & 5 hot water heaters (gas heat & hot water) + separate electrical (panels in units). Boilers & H20 heaters installed in 2014. There is off-street parking for approx. 16 spaces behind the building. Great opportunity + Occupied w/Cash Flow!

Listed by Amanda R Faroni of Berkshire Hathaway NE Prop.

Driving Directions

Vernon Office
Vernon Office
Office: 860-871-2775
646 Hartford Turnpike
Vernon, CT 06066

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Vernon Office 860-871-2775

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More Info

Basic Information

  • StatusACT
  • List Price$325,000
  • Square Feet4,680
  • HoaNo
  • Lease purchaseNo
  • Units5
  • Net operating income40576
  • Property subtype5 Family+
  • Property TypeMulti-Family For Sale
  • Acreage0.24
  • MLS Number170178918

Interior

  • Rooms total multifamily12
  • RoofFlat

Exterior

  • Exterior featuresPorch, Sidewalk
  • Exterior sidingBrick

Utilities

  • Water sourcePublic Water Connected
  • Cooling SystemWindow Unit
  • Hot water descriptionNatural Gas
  • Heating FuelNatural Gas
  • Fuel tank locationNon Applicable
  • Heat SystemGas on Gas
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Milrate base50
  • Milrate total50.5
  • Taxes$7,035
  • Tax YearJuly 2018-June 2019
  • Assessed value$139,300

Building

  • Bedrooms4
  • Bathroom4
  • Year Built1889
  • Property StyleUnits on different Floors
  • Energy FeaturesThermopane Windows
  • FoundationConcrete, Masonry
  • Garage Parking InfoPaved, Driveway, Off Street Parking
  • New construction typeNo
  • AtticNo
  • BasementFull, Unfinished
  • Full Bath4

Amenities

  • AmenitiesCommuter Bus, Public Transportation, Walk to Bus Lines

Other

  • Radon mitigation airNo
  • Radon mitigation waterNo
  • Space is leasedNo

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolPer Board of Ed

Rooms

  • Laundry room infoNone

Location

  • StateCT
  • Zip06051
  • CountyHartford

Property

  • Lot DescriptionN/A
  • Driveway TypePrivate, Paved
  • Garage
  • Parking spaces per 1000sqft
  • Parking spaces uncovered
  • Parking Spaces
  • Parking spaces covered
  • FloodzoneNo
  • SwimmingpoolNo
  • Building ConstructionBrick

Water Body

  • Waterfront DescriptionNot Applicable
  • WaterfrontNo

Auction

  • Bank owned propertyNo

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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