For Sale Details
$115,909.00 / unit
- Property Type Multifamily
- Sale Type Investment
- Buyer's Broker Comp 2.5%
- Status Active
- Created 10/19/20
- Updated 10/21/20
About 20 Main Street, Simsbury, CT 06081
his portfolio consist of three buildings. Building one is an auto repair shop and two apartments. The combined rent for these spaces is $2850 per month. The second building consists of three apartments with a combined monthly rent of $2675. The last building consists of four apartments and a restaurant with a combined monthly rent of $8900.
The total portfolio is 9 apartments, an auto repair shop and a restaurant with a total monthly rent roll of $14,425 and $173,100 per year. All tenants are month to month with the exception of the restaurant with a lease expiring in 2033 (which includes option years), and the auto repair shop which will sign a year to year lease at time of sale of the property.
Building Details
- Building Area (SF): 10,719
- Year Built: 1900 - 1950
- Number of Units: 11
- Number of Buildings: 3
- Building Class: C
Land Details
- Acreage: 1.17
Financial Characteristics
- Effective Gross Income: $173,100
- Operating Expenses: $30,342
- Net Operating Income: $142,757
- Occupancy Percent: 100%
The Multifamily property at 20 Main Street, Simsbury, CT 06081 is currently available for sale. Contact Evan Berman from Broder Commercial for more information.