200 Beaver St New Britain CT

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200 Beaver St New Britain CT

New Britain, CT 06051
Asking Price
$375K
Asset Type
Multifamily
Class
Class B

What's Special

200 Beaver St is located in a residential pocket of New Britain, Connecticut, situated northwest of the downtown core. The neighborhood features a mix of traditional multi-unit housing and local businesses. The property provides proximity to the Central Connecticut State University campus and the Hospital of Central Connecticut. Residents have access to local amenities along Farmington Avenue and are approximately two miles from the CTfastrak station, offering bus rapid transit links to Hartford. Access to Route 9 and Interstate 84 facilitates regional commuting throughout Hartford County. The asset is configured for multifamily residential use, suitable for a workforce housing model or student-oriented rentals. Typical tenant profiles include local service workers, healthcare professionals employed at nearby medical facilities, and students seeking off-campus housing options. The unit mix caters to individuals and small households looking for functional living spaces with convenient access to major employment hubs and academic institutions. The location supports long-term residential occupancy within an established municipal infrastructure.

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NOI
$80,000
Cap Rate
21.33%
DSCR
3.59
Strong
Cash-on-Cash
51.32%
Monthly Payment
$1,855.295
Annual Cash Flow
$57,736.455

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