27 Moss St - Apartments FOR SALE


Pawcatuck, CT 06379
$1,000,000 USD
860-514-4440
27 Moss St, Pawcatuck, CT for Sale
$1,000,000 USD
Apartments - FOR SALE
1/17
null | 7.79% Cap Rate

27 Moss St
Pawcatuck, CT 06379


HIGHLIGHTS

  • Convenient neighborhood location to both Pawcatuck, CT and Westerly, RI
  • Most units remodeled in the last 2 years
  • Demand for housing in this area, rents units before they can be cosmetically refurbished

OVERVIEW

Opportunity Knocks: Don't miss out on this lucrative investment! Whether you're a seasoned investor or a first-time buyer, this 6-unit property in Pawcatuck promises both stability and growth potential. Investment Highlights: * Strong Cap Rate: At 7.794%, this property offers an attractive return on investment. * Steady Demand: Pawcatuck's growing economy ensures consistent tenant demand. * Historic Charm: The property's character and location appeal to renters seeking authenticity. Key Features: 1. Prime Location: Situated in the charming village of Pawcatuck in the town of Stonington, this property enjoys proximity to Westerly, Rhode Island, and historic commercial ties. 2. Industrial Base: Retaining its industrial heritage, the neighborhood hosts companies like Davis-Standard, Cottrell Brewery, and Hi-Tech Profiles. 3. Sport Fishing Hub: Marinas support an active sport fishing industry, attracting enthusiasts year-round. 4. Retail and Arts Scene: Pottery and jewelry studios add to the vibrant local arts community. Property Overview: * Unit Count: 6 * Price: $1,000,000.

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$166 USD /SF

# OF UNITS

6

PRICE/UNIT

$166,667

CAP RATE

7.79%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1902

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RH-10

APN/PARCEL ID

STON-000004-000003-000023

ASK ABOUT THIS PROPERTY

Bill FainFantastic Real Estate & InvestMore Info
860-514-4440

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Bill FainFantastic Real Estate & InvestMore Info
860-514-4440

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