337 Allen St, New Britain, CT 06053

Property Description

337 Allen Street, a two-family with renovations already underway, presents a strong value-add opportunity in a desirable New Britain location. Significant improvements have been completed, with remaining finishing work allowing a new owner to finalize the property to their own specifications. The property is currently configured as a two-unit building and offers a flexible layout that may support continued use as a two-family or potential reconfiguration for additional units, subject to zoning and municipal approvals. Utilities are separately paid by tenants, supporting favorable income potential. The exterior features brick and vinyl siding, a flat roof, off-street parking, and a level lot. Inside, approximately 2,128 square feet of heated living space is complemented by a full unfinished basement and attic access. Public water and sewer, along with natural gas heat, add efficiency and practicality. With much of the renovation work already addressed, the remaining improvements provide an opportunity to build equity without undertaking a full-scale redevelopment. Conveniently located near Central Connecticut State University, major highways, downtown New Britain, hospitals, shopping, and public transportation, the property benefits from consistent rental demand and long-term upside. Whether maintaining as a two-family investment or exploring the potential for additional unit configuration (subject to approvals), this property offers great potential!