415 East St, New Britain, CT 06051

Property Description

An Exceptional Six-Unit Multifamily Investment Opportunity! Welcome to 415-417 East Street, a spacious, well-maintained six-family brick building situated on a desirable corner lot on the Newington side of New Britain. This fully occupied, income-producing property features 14 bedrooms across six spacious apartments, consisting of four 2-bedroom units and two 3-bedroom units. All six units have undergone various renovations within the past five years and offer bright, comfortable living spaces. Significant investment upside! Current rents are below market value, providing excellent potential for increased rental income and long-term appreciation. Most tenants are on month-to-month agreements, offering added flexibility for future improvements. Property highlights include ample off-street parking for approximately 12 vehicles, tenant-paid electric heating, laundry hookups in select units, and a spacious unfinished basement with additional potential. A brand-new rear staircase and balcony system, constructed in October 2026 and nearing completion, adds substantial value, convenience, and outdoor living space for residents. Conveniently located near public transportation, schools, parks, shopping, restaurants, and major roadways. An outstanding opportunity to acquire a fully occupied, income-producing property with immediate cash flow and excellent potential for future growth!