Stanley Street Apartments

  • Title

    Multifamily Property

  • City

    New Britain, CT

  • Price

    $725,000

  • Cap Rate

    8.6%

  • Gross Leasable Area

    9,600 SF

  • No. Units

    12

  • Price/SF

    $75.52

  • Price/Unit

    $60,417

  • No. Stories

    3

  • Property Type

    Multifamily

  • Year Built

    1920

  • Lot Size

    .26 AC

Not found amenities.

NEPCG is pleased to present 840 & 846 Stanley St, a 12 unit multifamily property located in New Britain, CT.

The property is comprised of two adjacent 6-unit buildings which break down into 4-two bedroom and 2-three bedrooms in the 840 building and 2-two bedroom and 4-three bedrooms in the 846 building. Tenants are responsible for their own utilities which are supplied through individual natural gas hot water heaters and boilers. There is off street parking for tenants located around the back and in front of the buildings. The buildings have been renovated over the years to include updated units, newer vinyl windows and upgraded electrical service throughout.

The property is conveniently located with easy access to major interstates and Rt. 9, and is in close proximity to the new CT Fastrak bus terminal which provides access from New Britain into Hartford. The high visibility of the property helps to secure a high occupancy rate.

Stanley Street Offering Memo