57 Whiting St 21 Unit Apartment Building $4,625,734 CAD ($220,273 CAD/Unit) 7.63% Cap Rate New Britain, CT 06051

21-Unit Brick Building in Prime Location, an excellent opportunity to acquire a fully operational 21-unit brick building in the heart of New Britain. This well-maintained asset features spacious 3-bedroom, 1-bath units as well as, spacious 4-bedroom, 1 bath units with approximately 90% of them thoughtfully upgraded with new flooring, contemporary kitchens, and renovated bathrooms. Rents are currently 20-25% below the market rate for units of similar size, allowing a new investor immediate upside in New Britain's burgeoning rental market. Recent capital improvements include new kitchens, bathrooms, flooring, walls and exterior decks. Additional features include off-street parking and convenience to retail amenities. All utilities are covered by the tenants. Ideally situated just a few miles from Central Connecticut State University, the property is also within walking distance to Franklin Square and downtown amenities. The property offers convenient access to I-84. The location combines urban convenience, strong educational demand, reliable transit access, and a culturally vibrant community.