166 West St, New Britain, CT 06051

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