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Shelton

$3,200,000 USD

Apartments For Sale • 15,224 SF

Property Details

Property Type Apartments
Total Building Size 15,224 SF
Lot Size 0.2 AC
Building Class C
Year Built 1960
Cap Rate 7.97 %
Zoning CB-2

0 Transit Score

82 Walk Score

                
                    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

Property Flyers

Marketing Flyer

Financial Summary (Actual)

Net Operating Income: $240,056 USD (2024)

Cap Rate:	7.97 %
Total Expenses:	$55,251 USD

Amenities

Laundry Facilities
Laundry Service

Public Transportation

Commuter Rail	Drive	Walk	Distance
Derby-Shelton Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	2 min	15 min	0.7 mi
Ansonia Station (New Haven Line - Metro-North Commuter Railroad Company (Metro-North))	5 min	-	2.3 mi
Airport	Drive	Walk	Distance
Tweed/New Haven	24 min	-	14.9 mi

Jeanette Politano 203-218-3383 Coldwell Banker Commercial Realty

410-421 Howe Ave Shelton, CT 06484 Trumbull/Upper Stratford/Shelton