39
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$724,500
Est. payment /mo
16 Beds
5 Baths
6,519 SqFt
Under Contract
59 Trinity Street New Britain, CT 06051
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Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Under Contract
Purchase Type For Sale
Square Footage 6,519 sqft
Price per Sqft $111
MLS Listing ID 24159271
Style Other
Bedrooms 16
Full Baths 5
Year Built 1900
Annual Tax Amount $13,299
Lot Size 8,276 Sqft
Property Sub-Type 5 Family+
Property Description
Exceptional 5-unit investment opportunity offering strong in-place income with clear potential to exceed $100,000+ in annual revenue. This well-maintained property currently generates approximately $93,300 per year, with all utilities paid by tenants, resulting in a highly efficient, low-expense operation. The property features a highly desirable unit mix, including three large 3-bedroom units (each approximately 1,400+ sq ft) in the front building, along with a 2-bedroom and a rare 5-bedroom unit in the rear building. Each unit is equipped with its own washer and dryer, a highly sought-after amenity that enhances tenant retention and rental value. Significant capital improvements have been completed since ownership, totaling in excess of $175,000. Updates include a new roof on the front building (2025), new siding on the front building (2025), and new siding on three sides of the rear building. Interior upgrades have been completed throughout as needed, including updated kitchens with new cabinets, countertops, and appliances, as well as improvements to flooring and windows. Two units are currently on month-to-month leases, offering immediate opportunity for rental adjustments and increased cash flow. Several units are below current market rents, presenting a clear value-add opportunity for investors seeking to reposition the asset and maximize returns. With tenant-paid utilities, strong existing occupancy, and substantial recent improvements, scroll down
Location
State CT
County Hartford
Zoning T
Rooms
Basement Full
Interior
Heating Gas on Gas
Cooling None
Exterior
Parking Features Off Street Parking, Unpaved
Waterfront Description Not Applicable
Roof Type Asphalt Shingle
Building
Foundation Masonry
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Ali White Ginnett • Coldwell Banker Realty
NEARBY SCHOOL & BUSINESS
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