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232 Main St 8 Unit Apartment Building $1,500,000 ($187,500/Unit) 6.79% Cap Rate Ansonia, CT 06401
INVESTMENT HIGHLIGHTS
- Prime Location
- Amazing Unit Mix
- Lots of Natural Light
EXECUTIVE SUMMARY
This well-maintained mixed-use property features significant recent capital improvements, including a brand-new roof, new windows, new HVAC system, and new exterior siding, along with renovations completed on 6 of the 7 residential units. The asset consists of 7 residential apartments and 1 commercial unit, offering a stable income base with a clear path for future growth. In-place residential rents remain below market, providing a straightforward value-add opportunity through rent increases as units turn, without the need for major additional capital investment. This is an ideal opportunity for investors seeking a largely stabilized building with limited CapEx risk and strong upside potential.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $187,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.16 AC |
| Cap Rate | 6.79% | Building Size | 12,967 SF |
| No. Units | 8 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1860 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,500,000 |
| Price Per Unit | $187,500 |
| Sale Type | Investment |
| Cap Rate | 6.79% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 12,967 SF |
| No. Stories | 3 |
| Year Built | 1860 |
| Opportunity Zone |
Yes |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Refrigerator
- Oven
- Range
- Freezer
SITE AMENITIES
- 24 Hour Access
- Picnic Area
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
| 1+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (86)
PROPERTY TAXES
| Parcel Number | ANSO-000044-000030 | Total Assessment | $511,840 (2025) |
| Land Assessment | $46,060 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $465,780 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
ANSO-000044-000030
Land Assessment
$46,060 (2025)
Improvements Assessment
$465,780 (2025)
Total Assessment
$511,840 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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232 Main St
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