567 Vauxhall St
Waterford, CT 06385 New London

• Unit Size: 1,008 SF
• Condo Use: Office
• Price: $79,000 USD
• Sale Type: Investment
• Price/SF: $78.37 USD

Sale Notes

Professional office suite located on the 3rd floor of Waterford Professional Building that is accessed via an elevator or stairs.  Approximately 1,008 SQ FT comprised of 4 offices, waiting area, 1/2 bathroom, & a small supplies area. Three of the offices are leased, the 4th office is being used as storage. Their is a shared waiting area. Monthly condo association fee is $479.00, real estate taxes are $105 monthly or $1,264.00 yearly. The landlord states the monthly expenses total $584.00, tenants pay for their own electricity. Water is included in the condo association fee. Monthly rental income is $1,450.00, net monthly income is $866.00, annual income is $10,392.00. Listed for sale at $79,000.00, owner states a 13% Cap Rate. Since the offices are occupied all showings must be scheduled in advance.  The Waterford Professional Complex is very close to I-95 with easy access in both directions with ample parking. Three of the four offices are leased, the fourth office could be cleared out & leased, generating additional income or owner-occupied. This is a great investment potential.