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68 Anderson Street, Naugatuck, CT 06770 Anderson Street Apartments

$495,000 $55,000.00 / unit
68 Anderson Street, Naugatuck, CT 06770

For Sale Details

$495,000
$55,000.00 / unit
  • Property Type Multifamily
  • Status Active
  • Created 01/13/21
  • Updated 01/13/21

About 68 Anderson Street, Naugatuck, CT 06770

Northeast Private Client Group is pleased to present the Anderson Street Apartments, a 9-unit multifamily property located in Naugatuck, Connecticut. The Anderson Street Apartments is comprised of one - studio, three - one-bedrooms, two - two-bedrooms, and three - railroad-style two bedrooms. Tenants are responsible for their own heat and hot water, which is supplied through individual gas furnaces. Tenants are also responsible for their own electric expense except for 2F and 2C, which is paid for by the landlord. A new owner can realize upside potential by increasing rents to market levels.

Building Details

  • Building Area (SF): 5,958
  • Year Built: 1900
  • Number of Units: 9
  • Number of Stories: 3
  • Number of Buildings: 1

Land Details

Financial Characteristics

  • Operating Expenses: $30,554
  • Net Operating Income: $43,264
  • Cap Rate: 8.7%

The Multifamily property at 68 Anderson Street, Naugatuck, CT 06770 is currently available for sale. Contact Northeast Private Client Group from Northeast Private Client Group for more information.