380 Arch St, New Britain, CT 06051

Property Description

Excellent investment opportunity in the desirable city of New Britain with this 5-unit mixed-use property. The building features one street-level commercial unit and four residential apartments above, offering a solid income-producing opportunity. The residential unit mix includes one 1-bedroom apartment and three 2-bedroom apartments, all of which are well cared for with various updates such as vinyl plank flooring and select kitchen and bathroom improvements. Rents are currently below market, presenting excellent upside potential for a new owner. Utilities are fully separate and tenant-paid, with each apartment and the commercial unit equipped with its own electric panel, gas heating system, and hot water tank. Heating, hot water, and cooking are all gas. Additional highlights include on-street parking and no on-site laundry, helping to keep operating expenses and maintenance minimal. This is a strong investment opportunity in a growing market with room to increase returns. Ideally located with easy access to downtown, shopping, dining, and a wide variety of local amenities-making it highly attractive to both residential and commercial tenants.