REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 79,000
Est. payment | /mo
1 Bath
1,008 SqFt
$ 79,000
Est. payment | /mo
1 Bath
1,008 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 1,008 sqft
Price per Sqft $78
MLS Listing ID 24181138
Half Baths 1
HOA Fees $479/mo
Year Built 1985
Annual Tax Amount $1,264
Property Description
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.
Location
State CT
County New London
Zoning C-G
Interior
Heating Wall Unit
Cooling Wall Unit
Exterior
Utilities Available Electric
Roof Type Flat
Building
Lot Description Level Lot, Cleared
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Erik Mills • U.S. Properties Real Estate Services, LLC
Nearby Locations
GET MORE INFORMATION
Ilka Torres
Broker | License ID: REB.0794005