0.27 Acres in New Britain, CT - $475,000
Turnkey CASH COW ready for milking. Fully renovated and income-producing, this spacious 2-family property at 133 Jubilee Street offers 3,004 sqft of modern living space on a 0.27-acre corner lot near Chelsea Park and the Newington town line. Unit 1 features 3 bedrooms and 1 full bathroom on the first floor. Unit 2 spans the second and third floors, offering 6 bedrooms and 2 full bathrooms, totaling 6 bedrooms and 2 full bathrooms across both units. The property has undergone extensive renovations including new insulation, vinyl siding, electrical panels and wiring, switches, receptacles, drywall, flooring, interior paint, kitchen countertops, cabinets, stainless steel appliances, bathroom vanities, toilets, shower/tubs, plumbing, and tile work. With a total monthly rental income of $5,100 and annual expenses of $17,989, the property generates a net income of $61,200 annually, delivering ...
Turnkey CASH COW ready for milking. Fully renovated and income-producing, this spacious 2-family property at 133 Jubilee Street offers 3,004 sqft of modern living space on a 0.27-acre corner lot near Chelsea Park and the Newington town line. Unit 1 features 3 bedrooms and 1 full bathroom on the first floor. Unit 2 spans the second and third floors, offering 6 bedrooms and 2 full bathrooms, totaling 6 bedrooms and 2 full bathrooms across both units. The property has undergone extensive renovations including new insulation, vinyl siding, electrical panels and wiring, switches, receptacles, drywall, flooring, interior paint, kitchen countertops, cabinets, stainless steel appliances, bathroom vanities, toilets, shower/tubs, plumbing, and tile work. With a total monthly rental income of $5,100 and annual expenses of $17,989, the property generates a net income of $61,200 annually, delivering a strong CAP at 12.88%. Additional features include off-street parking and gas baseboard heating. This turnkey investment is ideal for investors or owner occupants seeking high cash flow and long-term upside. MULTIPLE BIDS RECEIVED, HIGHEST AND BEST SUBMITTED BY 6:00 PM MONDAY 10/27.
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