Farmington House Apartments

  • Title

    Multifamily Property

  • City

    New Britain, CT

  • Price

    $4,460,000

  • Cap Rate

    6.45%

  • Gross Leasable Area

    48,000 SF

  • No. Units

    80

  • Price/Unit

    $55,750

  • No. Stories

    3

  • Property Type

    Multifamily

  • Year Built

    1968

  • Lot Size

    2.23 AC

Not found amenities.

Northeast Private Client Group is pleased to present the Farmington House Apartments, an 80-unit multifamily property located in New Britain, Connecticut.
The Farmington House Apartments is a total of eight (8) buildings comprised of 10 units in each which break down as 79-one bedrooms and 1- two bedroom unit. Heat and hot water is supplied through a natural gas system and is paid for by the landlord. Tenants are responsible for their own electric meters. Tenant amenities include ample off street parking as well as an on-site laundry facility. Some of the units have been completely renovated to feature newer kitchens and bathrooms. All buildings were fitted with brand new shingle roofs in the past 2 years.
Boasting stronger rents and higher occupancy rates, the north side of New Britain is quickly becoming a desirable area for investors. The Farmington House Apartments is located just minutes from local malls, restaurants, office centers and highway access.

New Britain, Hartford County, CT