1113 Portland Cobalt Rd - Apartments FOR SALE


Portland, CT 06480- East Hampton/Portland
$1,500,000 USD
203-444-0566
1113 Portland Cobalt Rd, Portland, CT for Sale
$1,500,000 USD
Apartments - FOR SALE
1/16
null | 7.47% Cap Rate

1113 Portland Cobalt Rd
Portland, CT 06480
East Hampton/Portland


HIGHLIGHTS

  • Centrally located on Route 66
  • Private Community Feel
  • Freshly Renovated

OVERVIEW

his fully renovated asset has undergone extensive updates in the past six months, including: Brand-new flooring, kitchens, bathrooms, and interior paint Serviced well and septic systems, providing long-term utility efficiency The property is currently cash-flowing with rents near market rate, offering strong in-place income with room for future growth. The owner is responsible for all utilities, making tenant management simple and predictable.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

12

PRICE/UNIT

$125,000

CAP RATE

7.47%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bluestone Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1952

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

B-2

APN/PARCEL ID

PORT-000023-000000-000006

ASK ABOUT THIS PROPERTY

Tyler SmithAlpha Capital RealtyMore Info
203-444-0566

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Tyler SmithAlpha Capital RealtyMore Info
203-444-0566

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.