NOT LISTED FOR SALE

111 Beaver St New Britain, CT 06051

Estimated Value: $1,782,862

-- Bed
1 Bath
14,160 Sq Ft
$126/Sq Ft Est. Value

Last Sold May 03, 2024

Last sale price $1,700,000 $120 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $11,622/month

45 Days on Market

Highlights

  • 0.67 Acre Lot
  • Attic
  • Public Transportation
  • Property is near public transit
  • Enclosed Patio or Porch

About This Home

As of May 2024

Welcome to the Beaver Street Trio - 111, 113, and 115 Beaver Street, located in the heart of New Britain, CT, adjacent to the vibrant "Little Poland" neighborhood. This unique offering comprises three separate buildings, all situated on a single parcel, and boasts 19 residential units with a mix of studio, one, two, and three-bedroom layouts. 115 Beaver Street is a 10-unit building featuring a diverse unit mix of one studio, two 1-bedroom units, three 2-bedroom units, and four 3-bedroom units. This building benefits from a newer roof and two separate basements, providing ample storage space. 111 Beaver Street, located right next to 115 Beaver, is a 5-unit building with a mix of three 1-bedroom units and two 2-bedroom units. 113 Beaver Street, nestled at the back of the parcel, is a 4-unit building with a mix of one 1-bedroom unit and three 2-bedroom units. Each unit is separately metered for utilities, and residents enjoy plenty of off-street assigned parking, with additional parking available on the 'lawn' at the back of the lot. Currently, 15 units are occupied with four vacancies, making this an ideal opportunity for an investor looking to add to their portfolio. The units are well-maintained and in great shape. Don't miss out on this investor's dream in New Britain, CT!

Last Agent to Sell the Property

Tyler DeVecchis

Century 21 AllPoints Realty License #RES.0814134 Listed on: 07/03/2023

Century 21 AllPoints Realty

Last Buyer's Agent

Tyler DeVecchis

Century 21 AllPoints Realty License #RES.0814134 Listed on: 07/03/2023

Century 21 AllPoints Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $14,000

Year Built

  • Built in 1900

Lot Details

  • 0.67 Acre Lot

Home Design

  • 14,160 Sq Ft Home
  • Concrete Foundation
  • Frame Construction
  • Masonry Siding
  • Stone Siding
  • Vinyl Siding

Basement

  • Basement Fills Entire Space Under The House
  • Basement Storage

Outdoor Features

  • Enclosed Patio or Porch
  • Exterior Lighting
  • Rain Gutters

Location

  • Property is near public transit
  • Property is near shops
  • Property is near a bus stop

Utilities

  • Heating System Uses Natural Gas
  • Electric Water Heater

Additional Features

  • Attic

Community Details

  • 19 Units
  • Public Transportation
  • Gross Income $196,500

Listing and Financial Details

  • Assessor Parcel Number 639356

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$14,000

Year Built

Built in 1900

Lot Details

0

Listing Details

  • Neighborhood: N/A
  • Property Type: Multi-Family For Sale
  • Style: Other
  • Sq Ft Est Heated Above Grade: 14160
  • Total Sq Ft: 14160
  • Year Built: 1900
  • New Construction: No/Resale
  • Nearby Amenities: Library, Medical Facilities, Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • Property Sub Type: 5 Family+
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Directions: GPS friendly
  • Financing Used: Other
  • Spec Assoc Asses: No
  • Street Type: Street
  • Special Features: None

Interior Features

  • Basement Description: Full, Storage
  • Attic: Yes
  • Street Number Modifier: 111
  • Other SqFt Description: Three buildings on 1 parcel

Exterior Features

  • Exterior Features: Gutters, Lighting, Porch, Porch-Enclosed, Sidewalk
  • Exterior Siding: Vinyl Siding, Brick, Stone
  • Foundation Type: Concrete
  • Roof Information: Other
  • Waterfront Description: Not Applicable
  • Swimming Pool: No
  • Construction Description: Frame

Garage/Parking

  • Garage And Parking: Driveway, Off Street Parking

Utilities

  • Cooling System: None
  • Heat Type: Hot Air
  • Heat Fuel Type: Electric, Natural Gas
  • Fuel Tank Location: Non Applicable
  • Hot Water Description: Electric, Natural Gas
  • Water Source: Public Water Connected, Public Water In Street
  • Sewer: Public Sewer Connected, Public Sewer In Street

Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Lot Info

  • Acres: 0.67
  • Lot Description: N/A
  • Zoning: T
  • Parcel #: 639356

Multi Family

  • Gross Annual Income: 196500
  • Net Operating Income: 132633
  • Total Number Of Units: 19

Tax Info

  • Tax Year: July 2023-June 2024
  • Property Tax: 14000
  • Total Assessed Value: 607320
  • Mil Rate Total: 38.28

MLS Schools

  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 3, 2023
Closed on
May 2, 2024
Sold by
Beaver St Partners Llc
Bought by
Beaver St Holdings Llc
Seller's Agent
Tyler DeVecchis
Century 21 AllPoints Realty
Buyer's Agent
Tyler DeVecchis
Century 21 AllPoints Realty
List Price
$1,949,900
Sold Price
$1,700,000
Premium/Discount to List
-$249,900
-12.82%
Views
342
Current Estimated Value
$1,782,862

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$82,862
Avg. Annual Appreciation
3.62%
Original Mortgage
$1,309,000
Outstanding Balance
$1,291,810
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$491,052

Purchase Details

Closed on
Jul 21, 2021
Sold by
Yousefzadeh Johni
Bought by
Beaver St Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$770,000
Interest Rate
2.96%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Beaver St Holdings Llc $1,700,000 None Available
Beaver St Partners Llc $1,100,000 None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Beaver St Holdings Llc $1,309,000
Previous Owner Beaver Street Parners Llc $1,230,000
Previous Owner Beaver St Partners Llc $770,000
Previous Owner Smc Ent Llc $33,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/03/2024 05/03/24 Sold $1,700,000 -12.8% $120 / Sq Ft
11/15/2023 11/15/23 For Sale $1,949,900 0.0% $138 / Sq Ft
08/17/2023 08/17/23 Pending -- -- --
07/03/2023 07/03/23 For Sale $1,949,900 0.0% $138 / Sq Ft
11/22/2021 11/22/21 Rented $1,000 0.0% --
11/08/2021 11/08/21 For Rent $1,000 -- --
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $23,795 $607,320 $59,220 $548,100
2024 $24,044 $607,320 $59,220 $548,100
2023 $23,248 $607,320 $59,220 $548,100
2022 $13,590 $274,540 $19,670 $254,870
2021 $13,590 $274,540 $19,670 $254,870
2020 $13,864 $274,540 $19,670 $254,870
2019 $13,864 $274,540 $19,670 $254,870
2018 $13,864 $274,540 $19,670 $254,870
2017 $13,129 $259,980 $20,440 $239,540
2016 $13,129 $259,980 $20,440 $239,540
2015 $12,739 $259,980 $20,440 $239,540
2014 $12,739 $259,980 $20,440 $239,540
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170580210

SmartMLS

APN: NBRI-000006D-000000-C000036