(MENAFN- EIN Presswire)
15-45 Elam St., New Britain, CT
Eric Amodio, CCIM, MBA
15-45 Elam St., New Britain, CT
NEW BRITAIN, CT, UNITED STATES, November 6, 2024 /EINPresswire / -- Amodio & Co is pleased to announce the sale of 15-45 Elam Street, New Britain, CT. The 6 building, 56-unit brick complex known as Elam Court was built in 1967, and is comprised of all 1-bedroom units. Amenities include on-site laundry facilities, ample surface parking, and walking distance to park, restaurants, and shops.
The property traded hands for $4.8M ($85,714/unit). At time of sale, the property was fully leased yielding 6.3% going-in cap rate with below market rents.
The property benefits from strategic proximity to newly renovated Osgood Park, E.C. Goodwin Technical, CREC academy, Stanley Black & Decker world headquarters and direct highway access to I-84.
Eric Amodio, CCIM, MBA of Amodio & Co Real Estate represented the seller, Elam Gardens, LLC, as well as sourced the buyer, LYP Management, LLC.
Eric Amodio, CCIM, MBA
Amodio & Co Real Estate
+1 860-674-8908 ext. 102
email us here
Visit us on social media:
Facebook
LinkedIn
Legal Disclaimer:
EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability
for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this
article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
MENAFN06112024003118003196ID1108857561
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.