21
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$600,000
Est. payment /mo
5 Baths
4,030 SqFt
New
380 Arch Street New Britain, CT 06051
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,030 sqft
Price per Sqft $148
MLS Listing ID 24144821
Full Baths 5
Year Built 1900
Annual Tax Amount $9,558
Lot Size 3,920 Sqft
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
Interior
Interior Features Window Display
Heating Baseboard
Cooling Window Unit
Flooring Vinyl
Exterior
Utilities Available Electric, Gas, Phone Available, Cable Available
Roof Type Asphalt Shingle
Building
Lot Description Level Lot
Story 2
Foundation Brick, Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Amanda Faroni-Sheehan • Oxford Realty
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