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31 Village Rd 16 Unit Apartment Building $7,500,000 ($468,750/Unit) 6.63% Cap Rate Milford, CT 06460
Investment Highlights
- Beach Access
- New Construction
- Waterviews
Executive Summary
The Village Road portfolio is a rare, newly constructed collection of three adjacent buildings — 25, 27 and 29 Village Road — in the coveted Woodmont beach neighborhood of Milford, directly on Long Island Sound. Together they comprise fifteen residential homes and one ground-floor retail space, delivered to a modern turn-key standard with in-unit laundry, ductless heating and cooling, quartz kitchens and designer baths. Every residence is separately metered, so tenants pay their own utilities. Fifteen of sixteen units are leased and producing, with the vacant retail suite offering immediate lease-up upside. With no deferred maintenance, brand-new systems, and a location that commands premium shoreline rents, it is a scarce, institutional-quality coastal offering.
Financial Summary (Actual - 2026) 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 - 2026) 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 Under Contract
| Price | $7,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $468,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.38 AC |
| Cap Rate | 6.63% | Building Size | 21,000 SF |
| No. Units | 16 | Average Occupancy | 93% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2025 |
| Zoning | BD-1 | ||
| Price | $7,500,000 |
| Price Per Unit | $468,750 |
| Sale Type | Investment |
| Cap Rate | 6.63% |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.38 AC |
| Building Size | 21,000 SF |
| Average Occupancy | 93% |
| No. Stories | 3 |
| Year Built | 2025 |
| Zoning | BD-1 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1.5 | 6 | $2,400 | - |
| 3+2 | 7 | $3,800 | - |
| 4+2.5 | 2 | $4,900 | - |
| Studios | 1 | - | - |
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Fairly walkable
40/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | MILF-000089-000836-000057A | Total Assessment | $340,130 (2025) |
| Land Assessment | $260,530 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $79,600 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
MILF-000089-000836-000057A
Land Assessment
$260,530 (2025)
Improvements Assessment
$79,600 (2025)
Total Assessment
$340,130 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
31 Village Rd