Value Add, BRRRR 3-Family For Sale in New Britain, CT Near CCSU
Value Add, BRRRR 3-Family For Sale in New Britain, Connecticut Near CCSU
Asking price: $114,999
Estimated renovation budget: $55k-$60k
ARV: $220,000
Description:
3-family property for sale at 402 Allen in New Britain, CT, located near Central Connecticut State University. The numbers work on this house for a flip or a BRRRR value add scenario. This home would make a good student rental or will even attract graduate students or young professionals who are looking to live in one of the nicer neighborhoods of the city.
Units: 3
Unit 1 (basement unit): 2 bed, 1 bath - market rent after renovation = $850
Unit 2 (1st floor): 2 bed, 1 bath - market rent after renovation = $975
Unit 3 (2-level apartment): 4 bed, 2 bath - market rent after renovation = $1600
**Separate utilities and updated electric**
This home is to be sold as-is and only cash or hard money offers will be considered. Electric is currently on in the building, but the gas and water will not be turned on for inspection purposes and the property is priced accordingly.
Please call/text me at 203-645-1646, message me through BP, or email me at [email protected] with any questions or to set up a showing.
This property will be listed exclusively on BP until Friday morning 9/7 and then it will be listed on the local MLS.
