410-421 Howe Ave 9 Unit Apartment Building $4,706,042 CAD ($522,894 CAD/Unit) 7.50% Cap Rate Shelton, CT 06484
INVESTMENT HIGHLIGHTS
- COMPLETELY RENOVATED FROM TOP TO BOTTOM, INSIDE AND OUTSIDE
- MIXED-USE, 9 RESIDENTIAL APARTMENTS, 4 COMMERCIAL RETAIL UNITS
- CLOSE TO RTE 8, RTE 34 AND ROUTE 15/MERRITT PARKWAY
- 100% OCCUPIED - 7.5% CAP RATE AT CURRENT LOW RENTS
- 4-WAY SIGNALIZED LIGHT CORNER LOCATION
- DOWNTOWN SHELTON SIDEWALK LOCATION
EXECUTIVE SUMMARY
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!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$405,107
|
$26.61
|
| Other Income |
$3,636
|
$0.24
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$408,743
|
$26.85
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$76,475
|
$5.02
|
| Net Operating Income |
$332,269
|
$21.83
|
PROPERTY FACTS
1 of 1
Walk Score®
Very Walkable (81)
PROPERTY TAXES
| Parcel Number | SHEL-000129D-000000-000047 | Improvements Assessment | $1,296,085 CAD |
| Land Assessment | $63,656 CAD | Total Assessment | $1,359,742 CAD |
