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117 Water St 11 Unit Apartment Building $4,495,000 ($408,636/Unit) 7.20% Cap Rate Stonington, CT 06378
Investment Highlights
- Lots of natural light
- Less than five minute walk to the Stonington Harbor
Property Facts
| Price | $4,495,000 | Building Class | C |
| Price Per Unit | $408,636 | Lot Size | 0.12 AC |
| Sale Type | Investment | Building Size | 11,493 SF |
| Cap Rate | 7.20% | Average Occupancy | 100% |
| No. Units | 11 | No. Stories | 4 |
| Property Type | Multifamily | Year Built | 1840 |
| Property Subtype | Apartment | Parking Ratio | 0.26/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | PC - Stonington Borough, Village Business District | ||
| Price | $4,495,000 |
| Price Per Unit | $408,636 |
| Sale Type | Investment |
| Cap Rate | 7.20% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 11,493 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1840 |
| Parking Ratio | 0.26/1,000 SF |
| Zoning | PC - Stonington Borough, Village Business District |
Amenities
- Smoke Detector
Unit Amenities
- Dishwasher
- Microwave
- Washer/Dryer
- Heating
- Tile Floors
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Range
- Tub/Shower
- Views
- Wi-Fi
- Smoke Free
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Furnished Units Available
- Gas Range
- On-Site Retail
- Smoke Free
- Trash Pickup - Curbside
- Vintage Building
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 7 | - | - |
1 1
Property Taxes
| Parcel Number | STON-000101-000018-000005 | Improvements Assessment | $353,800 |
| Land Assessment | $245,900 | Total Assessment | $599,700 |
Property Taxes
Parcel Number
STON-000101-000018-000005
Land Assessment
$245,900
Improvements Assessment
$353,800
Total Assessment
$599,700
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Presented by
Shore Views Real Estate
117 Water St
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