Prime mixed-use commercial property located on Main Street with excellent visibility, close to amenities, and ample on-site parking. Property features four units plus a detached two-bay garage, all fully occupied. Residential units include two one-bedroom apartments and one two-bedroom apartment, along with a commercial space suitable for a variety of uses. Extensive renovations completed throughout including all new plumbing, electrical, heat pump systems, water heaters, separate utility meters, new kitchens, bathrooms, and a new common laundry room. Detached two-bay garage is also leased, providing additional income. Strong investment opportunity with multiple income streams, minimal deferred maintenance, a 7.8% cap rate, and a pro forma cap rate of 8.1%.
New Hartford is located in Connecticut. New Hartford, Connecticut has a population of 6,685. New Hartford is more family-centric than the surrounding county with 37.65% of the households containing married families with children. The county average for households married with children is 26.17%.
The median household income in New Hartford, Connecticut is $100,156. The median household income for the surrounding county is $84,797 compared to the national median of $69,021. The median age of people living in New Hartford is 47.1 years.
The average high temperature in July is 80.8 degrees, with an average low temperature in January of 13.7 degrees. The average rainfall is approximately 52.3 inches per year, with 46.9 inches of snow per year.
