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410-421 Howe Ave 9 Unit Apartment Building $3,200,000 ($355,556/Unit) 7.97% Cap Rate Shelton, CT 06484
INVESTMENT HIGHLIGHTS
- COMPLETELY RENOVATED FROM TOP TO BOTTOM, INSIDE AND OUTSIDE
- MIXED-USE, 9 RESIDENTIAL APARTMENTS, 4 COMMERCIAL RETAIL UNITS
- CLOSE TO RTE 8, RTE 34 AND ROUTE 15/MERRITT PARKWAY
- 100% OCCUPIED - 7.5% CAP RATE AT CURRENT LOW RENTS
- 4-WAY SIGNALIZED LIGHT CORNER LOCATION
- DOWNTOWN SHELTON SIDEWALK LOCATION
EXECUTIVE SUMMARY
Fully occupied mixed use commercial and residential building located in Fairfield County, Shelton, CT. The property is located on a 4-way signalized street light intersection of Howe and Center streets. The building has been completely renovated with all new 9 residential apartments and 4 commercial units. Interior and exterior renovated. Laundry on premises that provides additional income. Low Taxes. Great commuter location. Excellent Investment Opportunity for someone that wants a turn-key renovated building with great income. BELOW MARKET RENTS!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$292,680
|
$19.22
|
| Other Income |
$2,627
|
$0.17
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$295,307
|
$19.40
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$55,251
|
$3.63
|
| Net Operating Income |
$240,056
|
$15.77
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $292,680 |
| Annual Per SF | $19.22 |
| Other Income | |
|---|---|
| Annual | $2,627 |
| Annual Per SF | $0.17 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $295,307 |
| Annual Per SF | $19.40 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $55,251 |
| Annual Per SF | $3.63 |
| Net Operating Income | |
|---|---|
| Annual | $240,056 |
| Annual Per SF | $15.77 |
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Laundry Service
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | SHEL-000129D-000000-000047 | Improvements Assessment | $936,390 (2025) |
| Land Assessment | $45,990 (2025) | Total Assessment | $982,380 (2025) |
PROPERTY TAXES
Parcel Number
SHEL-000129D-000000-000047
Land Assessment
$45,990 (2025)
Improvements Assessment
$936,390 (2025)
Total Assessment
$982,380 (2025)
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410-421 Howe Ave
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