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Welcome to 33-45 Dunlay Street, New Britain, CT 18-Unit Brick Multifamily Portfolio | Two Adjacent Buildings | $22K+ Current Monthly Income Excellent opportunity to acquire a solid, income-producing multifamily package in New Britain. This offering consists of two side-by-side brick apartment buildings totaling 18 units - 3 two-bedroom apartments and 15 one-bedroom apartments - across two separate tax parcels being sold together as a package- for a total purchase of $1, 980, 000. The property is currently grossing over $22, 000 per month, with projected potential exceeding $25, 000+ per month through continued rent optimization. Ownership currently pays for heat and hot water, providing an opportunity to further improve NOI with utility restructuring over time. These well-maintained brick assets offer strong in-place cash flow, stable tenant base, and value-add potential in a growing rental market. Highlights: 18 total units (3x 2BR, 15x 1BR) Two separate tax parcels sold as a package Solid brick construction Current gross rent roll: $22, 000+/month Pro forma gross rent: $25, 000+/month Owner pays heat & hot water Convenient New Britain location near major employers, highways, and amenities This property is sold as a package with 33-45 Dunlay St New Britain, adjacent parcels- for a total price of $1, 980, 000.
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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| Loan Amount | $880,000 | $880,000 | $880,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.125% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.246% | 6.110% | 5.932% |
| Monthly Tax Payment | $2,829 | $2,829 | $2,829 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $4,791 | $5,276 | $7,308 |
| Total Monthly Payment | $7,745 | $8,230 | $10,262 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.