59 Trinity Street, New Britain, CT, 06051 | $724,500

Exceptional 5-unit investment opportunity offering strong in-place income with clear potential to exceed $100, 000+ in annual revenue. This well-maintained property currently generates approximately $93, 300 per year, with all utilities paid by tenants, resulting in a highly efficient, low-expense operation. The property features a highly desirable unit mix, including three large 3-bedroom units (each approximately 1, 400+ sq ft) in the front building, along with a 2-bedroom and a rare 5-bedroom unit in the rear building. Each unit is equipped with its own washer and dryer, a highly sought-after amenity that enhances tenant retention and rental value. Significant capital improvements have been completed since ownership, totaling in excess of $175, 000. Updates include a new roof on the front building (2025), new siding on the front building (2025), and new siding on three sides of the rear building. Interior upgrades have been completed throughout as needed, including updated kitchens with new cabinets, countertops, and appliances, as well as improvements to flooring and windows. Two units are currently on month-to-month leases, offering immediate opportunity for rental adjustments and increased cash flow. Several units are below current market rents, presenting a clear value-add opportunity for investors seeking to reposition the asset and maximize returns. With tenant-paid utilities, strong existing occupancy, and substantial recent improvements, scroll down this Property offers strong in-place income with clear path to $100K+ gross. Ideal for investors targeting large-unit and voucher-based rental demand. Proof of funds required for showings, needs to be DSCR or commercial loan. Professional Photos coming soon.

Features

  • Rooms: 26
  • Bedrooms: 16
  • Baths: 5 full
  • Units: 5
  • Laundry: Washer/Dryer All Units
  • Style: Other
  • Year Built: 1900
  • Garage: Off Street Parking,Unpaved
  • Heating: Gas on Gas
  • Cooling: None
  • Basement: Full
  • Above Grade Approx. Sq. Feet: 6,519
  • Acreage: 0.19
  • Est. Taxes: $13,299
  • Lot Desc: N/A
  • Elem. School: Per Board of Ed
  • High School: Per Board of Ed
  • MLS#: 24159271
  • Website: https://www.raveis.com
    /prop/24159271/59trinitystreet_newbritain_ct?source=qrflyer
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59 Trinity Street, New Britain, CT, 06051

$724,500

Nancy Gallerani

Sales Associate

William Raveis Real Estate

Phone: 781.844.6333

Nancy.Gallerani@Raveis.com

Andrew van Dyk

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 781.490.5670

Andrew.vanDyk@raveis.com

NMLS Mortgage Loan Originator ID 23716

5/6 (30 Yr)
Adjustable Rate Conforming*
30 Year
Fixed-Rate Conforming
15 Year
Fixed-Rate Conforming
Loan Amount $579,600 $579,600 $579,600
Term 360 months 360 months 180 months
Initial Interest Rate** 5.875% 6.125% 5.375%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 6.357% 6.304% 5.648%
Monthly Tax Payment $1,108 $1,108 $1,108
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $3,429 $3,522 $4,697
Total Monthly Payment $4,629 $4,722 $5,897

* 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.