147 Jubilee, New Britain, CT

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147 Jubilee, New Britain, CT

Overview

Opportunity knocks with this unique three-story multifamily property offering two legal apartments, flexible living arrangements, and multiple income streams. One unit can be owner occupied or leased and the second unit currently leased, this property presents immediate upside for investors looking to increase cash flow through strategic management and cosmetic improvements. The first-floor unit features a room-rental layout, making it an excellent option for house hackers or investors seeking maximum rental income. The second and third floors offer exceptional flexibility, with the third level suitable for additional living space, a home office, or the ability to combine the second and third floors into a larger apartment configuration, making it 4 bed unit. Major mechanical systems have been updated and serviced, reducing near-term capital expenditure concerns. The full basement provides three separate storage rooms, creating additional tenant amenities or rental opportunities. A standout feature is the enormous two-story, three-bay garage, fully rented to tenants that are not living at the property. The upper level currently includes a fully equipped gym space with tatami mats, offering endless possibilities for storage, business use, hobby space, fitness operations or future conversion opportunities. Outside the property boasts parking for approximately 10+ vehicles, creating potential for additional income through storage, or vehicle parking, contractor parking.

Property Details