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Price: $300K - 500K
Monthly Cash Flow: $1 - $3k+
Home Type: Single Family
Condo Investment Properties for Sale in New Britain, CT
Listed for sale 4 days ago
$ 249,900
ROI
25.5
Cash Flow/m
397- 2 Bed
- 2 Bath
- 1024 sft
410 Farmington Avenue #O5, New Britain, CT, 06053
$ 195,000
ROI
21.6Cash Flow/m
101- 2 Bed
- 1 Bath
- 746 sft
45 Park Place #209, New Britain, CT, 06052
$ 199,900
ROI
21.0Cash Flow/m
67- 2 Bed
- 1 Bath
- 745 sft
45 Park Place #409, New Britain, CT, 06052
$ 249,900
ROI
24.9Cash Flow/m
354- 2 Bed
- 2 Bath
- 1024 sft
410 Farmington Avenue #H2, New Britain, CT, 06053
Why Invest in New Britain, Connecticut?
New Britain, CT offers strong opportunities for condo investors seeking steady rental income in a competitive market. With a renter-occupied rate around 45%, demand remains robust near Hartford's job centers. Average rents hover at $1,500 monthly, supporting cap rates of 6-7% and rental yields near 8%. Annual appreciation of 3% and positive cash flow potential make condos here resilient investments. Low vacancy supports reliable returns amid regional housing shortages.
7.5%
Avg. ROI
8.2%
Rental Yield
6.5%
Cap Rate
$450/mo
Avg. Cash Flow
$1500/mo
Avg. Rent
3%
1Y Appreciation
Frequently Asked Questions
Yes, with average rents at $1,500 and 45% renter occupancy, condos offer solid yields around 8%. Low vacancy and Hartford proximity ensure demand. Investors see reliable cash flow near $450 monthly.
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