New Britain, CT 06051,380 Arch Street
New Britain, CT 06051,380 Arch Street
New Britain, CT 06051,380 Arch Street
New Britain, CT 06051,380 Arch Street
New Britain, CT 06051,380 Arch Street
New Britain, CT 06051,380 Arch Street
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Andrei Balaj & Camilo Ramirez

Andrei Balaj & Camilo Ramirez

+1(203) 550-3606
$ 600,000
Est. payment | /mo

8 Beds

5 Baths

4,030 SqFt

Save
$ 600,000
Est. payment | /mo
Save

8 Beds

5 Baths

4,030 SqFt

Key Details

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Under Contract

Purchase Type For Sale

Square Footage 4,030 sqft

Price per Sqft $148

MLS Listing ID 24144818

Style Units on different Floors,Units are Side-by-Side

Bedrooms 8

Full Baths 5

Year Built 1900

Annual Tax Amount $9,558

Lot Size 3,920 Sqft

Property Sub-Type 5 Family+

Property Description

Excellent investment opportunity in the desirable city of New Britain with this 5-unit mixed-use property. The building features one street-level commercial unit and four residential apartments above, offering a solid income-producing opportunity. The residential unit mix includes one 1-bedroom apartment and three 2-bedroom apartments, all of which are well cared for with various updates such as vinyl plank flooring and select kitchen and bathroom improvements. Rents are currently below market, presenting excellent upside potential for a new owner. Utilities are fully separate and tenant-paid, with each apartment and the commercial unit equipped with its own electric panel, gas heating system, and hot water tank. Heating, hot water, and cooking are all gas. Additional highlights include on-street parking and no on-site laundry, helping to keep operating expenses and maintenance minimal. This is a strong investment opportunity in a growing market with room to increase returns. Ideally located with easy access to downtown, shopping, dining, and a wide variety of local amenities-making it highly attractive to both residential and commercial tenants.

Location

State CT

County Hartford

Zoning CBD

Rooms

Basement Partial, Unfinished

Interior

Heating Baseboard

Cooling Window Unit

Exterior

Exterior Feature Sidewalk, Gutters, Lighting

Parking Features None

Waterfront Description Not Applicable

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Foundation Brick, Masonry

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Amanda Faroni-Sheehan • Oxford Realty

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Andrei Balaj & Camilo Ramirez
Andrei Balaj & Camilo Ramirez

Real Estate Agent | Lic# Licensed in Connecticut

+1(203) 550-3606

1055 Washington Blvd, 6th Floor, Stamford, CT, 06901

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380 Arch Street