$375,000
SOLD JAN 17, 2020

86 Winthrop St New Britain, CT 06052

18 Beds
6 Baths
7,791 Sq Ft
0.25 Acres

Recently Sold

$48 Per Sq Ft

6% Below List Price

14 Days on Market

Highlights

  • City View
  • Porch
  • Hot Water Heating System
  • No HOA
  • Hot Water Circulator

About This Home

As of November 2021

*Investors take notice*
Fully occupied cash flowing income property in New Britain. Featuring 6 3bdr/1bth units, off-street parking. Great investment opportunity on a quiet street near New Britain General hospital. Close to downtown, shops, Rt.9 and I-84. "CASH COW" possible 12.5% CAP rate. 6 units, all occupied some with long time tenants. P&L form available upon request. First showing will get you access to the basement. Property will be conveyed in "AS IS" condition.
Agent/Owner.

Last Agent to Sell the Property

Michael Sklutovsky

eXp Realty License #RES.0808312 Listed on: 10/14/2019

eXp Realty

Last Buyer's Agent

Ryan Brown

Executive Real Estate Inc. License #RES.0794814

Executive Real Estate Inc.

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $11,927

Year Built

  • Built in 1925

Home Design

  • Flat Roof Shape
  • Brick Exterior Construction
  • Brick Foundation
  • Flat Tile Roof
  • Masonry Siding

Interior Spaces

  • 7,791 Sq Ft Home
  • City Views

Bedrooms and Bathrooms

  • 18 Bedrooms
  • 6 Full Bathrooms

Basement

  • Walk-Out Basement
  • Shared Basement
  • Basement Storage

Parking

  • Shared Driveway
  • Off-Street Parking

Utilities

  • Hot Water Heating System
  • Heating System Uses Natural Gas
  • Heating System Uses Oil
  • Hot Water Circulator
  • Fuel Tank Located in Basement

Additional Features

  • Multiple Entries or Exits
  • Porch
  • 0.25 Acre Lot

Community Details

Overview

  • No Home Owners Association
  • 6 Units
  • Property managed by Precision PM

Building Details

  • Gross Income $69,540

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$11,927

Year Built

Built in 1925

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Style: Units on different Floors
  • Sq Ft Est Heated Above Grade: 7791
  • Public Record Living Room Sq Ft: 7791
  • Total Sq Ft: 7791
  • Year Built: 1925
  • Property Sub Type: 5 Family+
  • Handicap Features: Multiple Entries/Exits
  • Direct Waterfront: No
  • Home Warranty Offered: No
  • Public Record Gross Sq Ft: 11165
  • Directions: Arch street to Winthrop street
  • Special Features: None

Interior Features

  • Total Bedrooms: 18
  • Total Bathrooms: 6.00
  • Full Bathrooms: 6
  • Basement Description: Shared Basement, Walk-out, Storage
  • Laundry Room Info: Washer/Dryer All Units
  • Attic: No
  • Street Number Modifier: 86

Exterior Features

  • Exterior Features: Porch
  • Exterior Siding: Brick
  • Foundation Type: Brick
  • Roof Information: Flat
  • Swimming Pool: No
  • Construction Description: Brick

Garage/Parking

  • Garage Parking Info: Off Street Parking
  • Driveway Type: Shared

Utilities

  • Heat Type: Hot Water, No Heat
  • Heat Fuel Type: Natural Gas, Oil
  • Fuel Tank Location: In Basement
  • Hot Water Description: Natural Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Condo/Co-op/Association

  • HOA: No
  • Property Management Type: Professional-Off Site
  • Property Mgt Company Name: Precision PM

Schools

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

Lot Info

  • Acres: 0.2500
  • Lot Description: City Views
  • Zoning: T

Multi Family

  • Gross Annual Income: 69540
  • Net Operating Income: 50106
  • Unit Count: 6
  • Total Multi Family: 30
  • Total Num Of Units: 6

Tax Info

  • Tax Year: July 2019-June 2020
  • Property Tax: 11927
  • Total Assessed Value: 236180
  • Mil Rate Base: 50.500
  • Mil Rate Total: 50.500
  • Assessor Parcel Number: 652913

MLS Schools

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

Range of Values:

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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
11/24/2021 11/24/21 Sold $425,000 -10.5% $55 / Sq Ft
06/21/2021 06/21/21 Pending -- -- --
03/30/2021 03/30/21 For Sale $475,000 +26.7% $61 / Sq Ft
01/17/2020 01/17/20 Sold $375,000 -6.0% $48 / Sq Ft
10/28/2019 10/28/19 Pending -- -- --
10/14/2019 10/14/19 For Sale $399,000 +62.9% $51 / Sq Ft
09/01/2016 09/01/16 Sold $245,000 0.0% $31 / Sq Ft
08/23/2016 08/23/16 Pending -- -- --
12/16/2015 12/16/15 Off Market $245,000 -- --
10/01/2015 10/01/15 For Sale $259,000 -- $33 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170244301

SmartMLS