300 Main St New Britain, CT 06051

Property Details for 300 Main St

Year built

1925

Construction

STEEL FRAME

Lot size

0.36 lot acres

Property size

46,134 SF

Zone code

CBD

Property type

Showrooms

APN

NBRI M:C7C B:66

APU

NBRIMC7CB66

Description

This exceptional investment opportunity presents a 4-unit mixed-use building situated at 300 West Main Street in New Britain, Connecticut. The property, a three-story, 3,174 square foot building constructed in 1900, sits on a 0.23-acre lot and is zoned RO. The building comprises three apartments – a one-bedroom, a two-bedroom, and an efficiency unit – and one office space currently under a one-year lease. Two of the apartments are updated and vacant, ready for immediate occupancy. The building boasts significant upside potential, with estimated rental income exceeding $4,550 monthly based on market rates of $1,150 for the one-bedroom and $1,300 for the two-bedroom units. The office space features a reception area, conference room, and three private offices, complete with central air conditioning. Building amenities include six or more parking spaces, gas heat and hot water, and a 200 AMP electrical service. Major upgrades, including window and roof replacements, were completed approximately 16 years ago. The property includes two boilers, one hot water heater, and one electrical system. All utilities are included in the rent. This prime location offers excellent visibility and is conveniently situated near Walnut Hill Park and the Museum of Natural Art. The asking price for this multifamily investment is $649,900. This property presents a compelling opportunity for both investors seeking strong returns and owner-occupants looking to offset mortgage costs.

Location Insight

City

New Britain

County

Hartford

State

Connecticut

Longitude

-72.7823

Latitude

41.6684

CBSA code

25540

CBSA name

HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments