18 Lincoln Street

New Britain, CT 06052 Directions
$3,000,000
  • 4/2Baths
  • 28,443Sqft
  • 0.51Acres
  • 1928Built
  • $105Price/Sqft

Property Highlights

  • Days on Market: 9
  • MLS: 24066847

Property Highlights

  • Days on Market: 9
  • MLS: 24066847

18 Lincoln Street Apartments is a 24-unit complex offering strong cash flow and significant upside potential. With impressive numbers at entry and ample room to stabilize and grow to pro forma, this property is ideal for savvy investors seeking both immediate returns and long-term appreciation. Strategically located in a desirable area, the property provides a solid tenant base with opportunities for rent optimization and operational improvements. This is a rare chance to secure a high-performing asset with substantial growth potential.

Property Highlights

  • Days on Market: 9
  • MLS: 24066847

18 Lincoln Street Apartments is a 24-unit complex offering strong cash flow and significant upside potential. With impressive numbers at entry and ample room to stabilize and grow to pro forma, this property is ideal for savvy investors seeking both immediate returns and long-term appreciation. Strategically located in a desirable area, the property provides a solid tenant base with opportunities for rent optimization and operational improvements. This is a rare chance to secure a high-performing asset with substantial growth potential.

18 Lincoln Street Apartments is a 24-unit complex offering strong cash flow and significant upside potential. With impressive numbers at entry and ample room to stabilize and grow to pro forma, this property is ideal for savvy investors seeking both immediate returns and long-term appreciation. Strategically located in a desirable area, the property provides a solid tenant base with opportunities for rent optimization and operational improvements. This is a rare chance to secure a high-performing asset with substantial growth potential.

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  • Additional Information
    • Area Type: Urban
    • Average Days On Market: 4
    • Days On Market: 9
    • Gross Expenses: 139962
    • Gross Income: 356998
    • Is Occupied?: Tenant
    • Living Area SqFt: 28,443
    • Property Tax: $46,541
    • Road Frontage Description: Municipal Street, Paved Road
    • Sewer: Public Sewer Connected
    • Status: Active
    • Tax Amount: $46,541
    • Tax Year: July 2024-June 2025
    • Type: Commercial For Sale
    • Unit Count: 24
    • Utilities Available: Electric, Gas
    • Year Built: 1928
    • Zoning: T
  • Interior/Exterior Features
    • Air Conditioning: Window Unit
    • Cooling: Window Unit
    • Full Baths: 4
    • Half Baths: 2
    • Heat: Gas on Gas
    • Living SqFt Source: Public Records
    • Roof: Asphalt Shingle, Flat
    • Stories: 3
    • Total Baths: 6

Listing Courtesy of Zachary Pinto of Alpha Capital Realty, Llc.

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