410-421 Howe Ave - Apartments FOR SALE


$3,400,000 USD
203-218-3383
410-421 Howe Ave, Shelton, CT for Sale
$3,400,000 USD
Apartments - FOR SALE
1/12
null | 7.5% Cap Rate


HIGHLIGHTS

  • COMPLETELY RENOVATED FROM TOP TO BOTTOM, INSIDE AND OUTSIDE
  • 100% OCCUPIED - 7.5% CAP RATE AT CURRENT LOW RENTS
  • MIXED-USE, 9 RESIDENTIAL APARTMENTS, 4 COMMERCIAL RETAIL UNITS
  • 4-WAY SIGNALIZED LIGHT CORNER LOCATION
  • CLOSE TO RTE 8, RTE 34 AND ROUTE 15/MERRITT PARKWAY
  • DOWNTOWN SHELTON SIDEWALK LOCATION

OVERVIEW

Fully occupied mixed use commercial and residential building located in Fairfield County, Shelton, CT. The property is located on a 4-way signalized street light intersection of Howe and Center streets. The building has been completely renovated with all new 9 residential apartments and 4 commercial units. Interior and exterior renovated. Laundry on premises that provides additional income. Low Taxes. Great commuter location. Excellent Investment Opportunity for someone that wants a turn-key renovated building with great income. BELOW MARKET RENTS!

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

9

PRICE/UNIT

$377,778

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Office, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1960

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

CB-2

APN/PARCEL ID

SHEL-000129D-000000-000047

ASK ABOUT THIS PROPERTY

Jeanette PolitanoColdwell Banker Commercial RealtyMore Info
203-218-3383

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Jeanette PolitanoColdwell Banker Commercial RealtyMore Info
203-218-3383

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