727 East Street
New Britain, Connecticut

Description:

* H&B offers due 4/6/26 7pm * Great opportunity to own a 3-family home in a convenient New Britain location-close to highways, shopping, and on the bus route! This property offers strong potential for both owner-occupants and investors. Each of the three spacious units features over 1,100 sq ft, with 3 bedrooms, hardwood floors, large kitchens, and generous pantry space. Each unit also includes its own washer and dryer hookups, providing added convenience for tenants. Major updates have already been taken care of, including a newer roof (approx. 12 years old), newer boiler and furnace, vinyl windows, siding, and updated electrical. The walk-up attic offers excellent potential to possibly be finished into additional living space, while the walk-out basement provides even more possibilities. Outside, you'll find a 2-car garage plus additional parking for up to 4 vehicles. Utilities include gas heat, public water, and public sewer. Current rents are below market value, offering upside potential. Tenants are month-to-month, have security deposits in place, and have a solid payment history. Current monthly NET income ranges approximately from $852 to $1,444 (GROSS is $4100 per month). Property may need some work but presents a fantastic opportunity to build equity and increase returns. Landlord is currently in the process of clenaing out the attic, basement and backyard, will be done prior to the home closing. Showings are limited to Saturdays due to tenant schedules.

Listing Courtesy of RE/MAX Precision Realty