369 Boston Post Rd - Storefront FOR SALE


Old Saybrook, CT 06475
$525,000 USD
860-304-3037
369 Boston Post Rd, Old Saybrook, CT for Sale
$525,000 USD
Storefront - FOR SALE
1/2
null | Request Cap Rate

369 Boston Post Rd
Old Saybrook, CT 06475


HIGHLIGHTS

  • approx 10k plus vehicles / day

OVERVIEW

Please Call Terry McDonald 860-710-1645 Real Estate Income Analysis 369 Boston Post Road, Old Saybrook, CT 06475 APARTMENTS: (2) Apartments on 2nd Floor Note; The rental units are below market value. Current Rental income: $1200.00 each unit $2,400.00 Total Per Month Proposed Rental Income Currently the rental units are below market value and can be adjusted immediately. Market Value: $2000.00 each unit Monthly Rental Income: $4000 per month plus utilities COMMERCIAL: Commercial Lease: The first floor is large enough with multiple egresses on main floor and two bathrooms, 2 Units can be subdivided; which is an option for the 1st Floor. $1500.00 Total Per Month Each $3000.00 Total First Floor Utilities have been included with leases, Residential and Commercial Oil: Heat Baseboard Electric Usage: Currently shared between Tenants, Utilities should be separated, install mini splits in each unit each Tenant should be paying towards their usage or leave as is and add additional cost for utilities included $300-400 per month is still a great option without spending any additional money. CT WATER, based on usage Tenant Lease, Water would be included or could do a monthly flat fee per Tenant. $25.00 per month each SEPTIC SYSTEM, pumped June 2022 Property Taxes: $7046.64 Up Grades: Exterior Deck/ Decking Steps: $9,100 Vinyl Siding: $9,200

FOR SALE DETAILS

PRICE

$525,000 USD

PRICE/SF

$125 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

The Hair Residence

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1800

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.61 AC

LAND SF

26,572 SF

ZONING

B4

APN/PARCEL ID

OSAY-000042-000010

ASK ABOUT THIS PROPERTY

Bob CancelmoBerkshire Hathaway HomeServices New EnglandMore Info
860-304-3037

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Bob CancelmoBerkshire Hathaway HomeServices New EnglandMore Info
860-304-3037

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