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567 Vauxhall St
Waterford, CT 06385 New London

$68,000 - $79,000 USD

Medical Condos For Sale • 1,008+ SF

Property Details

Property Type Medical
Total Building Size 37,000 SF
Building Class B
Year Built 1985
Tenancy Multiple
Zoning CG

30 Transit Score

30 Walk Score

2 Units Available

Name	Condo Use	Size	Price
3rd Floor - Unit 304-306	Office	1,008 SF	$79,000 USD
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.
3rd Floor - Unit 327-330	Office	1,484 SF	$68,000 USD
Unit Size: 1,484 SF Condo Use: Office Price: $68,000 USD Sale Type: Owner User Price/SF: $45.82 USD Sale Notes Professional office suite located on the 3rd floor of Waterford Professional Building that is accessed via an elevator or stairs. Suites 327, 328, 329 and 330 comprise of 4 offices, reception area, 2 conference rooms or file rooms, 1/2 bath, HVAC condenser, a closet and kitchen totaling approximately 1,484 SF. The building is handicap accessible with curb cuts, ramps, and an elevator. Great location, convenient to I-95. Ample parking. Perfect for medical, financial, therapist, or any professional services. The Condo Association fee is $647.00/month and real estate taxes are $1,626. The Waterford Professional Building is professionally maintained. There is the potential for two basement storage units.

                
                    Highlights
                
                                Central HVAC.
                            
                                Two basement storage areas.
                            
                                Handicap accessible.
                            
                                Convenient to I-95.

Amenities

24 Hour Access
Air Conditioning

Public Transportation

Commuter Rail	Drive	Walk	Distance
New London (Shore Line East - Shore Line East)	5 min	-	3.2 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	175
Type:	Surface
Included in Rent:	Yes

Erik Mills 860-437-0101 U.S. Properties Real Estate Services, LLC

567 Vauxhall St Waterford, CT 06385 New London