NEW BRITAIN – A 3-story, 6-unit apartment building on Grove Street has been listed for $630,000 by the estate of Noel Passan, according to the real estate broker Horvath & Tremblay.
The 146 Grove St. property, which was last appraised by the city for $422,400 in 2022, is situated near several of the city’s largest employers: Central Connecticut State University (CCSU), The Hospital of Central Connecticut, Stanley Black & Decker’s corporate operations, and numerous healthcare, education, and manufacturing employers.
The building contains five 2-bedroom/1-bathroom units and one 1-bedroom/1-bathroom unit with 5,472 square feet of gross living area. The property is situated upon a 0.14-acre parcel and features four off-street parking spaces, comprised of over three surface spaces and one garage space
The property features durable brick construction, which also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.
According to a flyer from Horvath & Tremblay, the annual net operating income for the building is $5,494 with a gross rental income of $35,400.
