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166 West Street New Britain, CT 06051
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Key Details
Sold Price $200,000
Property Type Multi-Family
Sub Type 3 Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,006 sqft
Price per Sqft $66
MLS Listing ID 170332243
Sold Date 10/23/20
Style 3updown - Unit(s) per Floor
Bedrooms 6
Full Baths 3
Year Built 1918
Annual Tax Amount $4,938
Lot Size 9,147 Sqft
Property Description
CASH FLOW! This three family property cash flows at about $1,000 per month after all expenses at full occupancy. The property is located directly across the street from the recently renovated Smalley Academy School. The apartments are spacious at approximately 1000 square feet each. All have similar layouts which include a kitchen, dining room, living room, two bedrooms and one bathroom. The first floor also has a front porch which adds additional living space. All apartments have separate utilities. The tenants pay for their heat, hot water, and electric. The Landlord pays for water, sewer, common area electric. A new gas forced air furnace was installed in 2018, and the second and third floor are electric baseboard heat. There is plenty of off street parking space in back of the property. The 2nd and 3rd floor tenants have both been in place for over a year and are on month to month status. The first floor is not occupied, making it possible for an owner occupant who could cover their monthly expense by renting the other two apartments. Agent has ownership interest. Pro forma operating statement indicates a 20% cash on cash return with a 30 year loan at 25% down payment
Location
State CT
County Hartford
Zoning T
Rooms
Basement Full
Interior
Heating Baseboard, Hot Air
Cooling None
Exterior
Exterior Feature Deck, Porch
Garage Off Street Parking
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Foundation Concrete, Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
Middle Schools Per Board Of Ed
High Schools New Britain
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Bought with Anna K. Betros