Do Real Estate on the Go!
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Do Real Estate on the Go!
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$850,000
4 Beds
- 3 Baths
2 full baths + 1 half bath
2,236sqft
1780 Boston Post Rd, Old Saybrook, CT 06475
$850,000
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Multi Family
Built in 1912
$-- HOA
30,056.4 sqft lot
$380/sq.ft
Description
Commercial Mixed Use, cross-posted on MLS alternative # 24149460. 7.06 CAP r a t e ~ Prime mixed-use investment property offered at $850,000 along the high-visibility Route 1 corridor. The asset consists of three total units of office/retail space with direct road frontage and two residential apartments privately situated in the rear. Trusted General Contractor currently rents the rear yard space at $1,000/month. Projected gross income totals $90,000/year. Incorporating a 10 p e r c e n t vacancy & repairs reserve, the stabilized effective gross income is $81,000/year. Operating expenses total $20,945/year (real estate taxes: $5,896 | insurance: $5,879 | electric: $4,600 ...
Continue ReadingProperty Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1912
HOA Fees
-
Finished Area
2,236 sqft
Lot Size
30,056.4 sqft lot
Basement Area
- sqft
MLS Name
SMART MLS
MLS Number
24149701
MLS Status
Active
Days on Market
18
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