547 Naugatuck Avenue Milford, CT 06460 547 Naugatuck Ave 7 Unit Apartment Building $1,199,999 ($171,428/Unit) Milford, CT 06460
INVESTMENT HIGHLIGHTS
- Well designed apartment layouts that maximize space and functionality
- Close proximity to downtown Milford, beaches, shops, and other attractions
- Value add opportunity for a new owner to dramatically increase the rent roll in an excellent rental location
- Excellent location in the desirable Devon neighborhood of Milford
- Private parking for all tenants
EXECUTIVE SUMMARY
Baldwin Pearson & Co, Inc. is excited to introduce 547 Naugatuck Avenue, Milford, CT 06460 to the market. This charming, shingled multifamily property offers approximately 4,100 square feet of living space, spread across two stories. Featuring seven well-sized studio and one-bedroom apartments, this property is situated in the highly sought-after Devon neighborhood of Milford. With its low-maintenance design, it presents an exceptional, value- add investment opportunity in a rapidly growing rental market. This property is a prime asset for any real estate portfolio looking to capitalize on Milford's thriving rental market.
PROPERTY FACTS Under Contract
| Price | $1,199,999 |
| Price Per Unit | $171,428 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,337 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1930/1987 |
| Parking Ratio | 1.95/1,000 SF |
| Zoning | CDD2 |
AMENITIES
UNIT AMENITIES
- Microwave
- Storage Space
- Ceiling Fans
- Tile Floors
- Family Room
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
1 of 1
Walk Score®
Very Walkable (70)
PROPERTY TAXES
| Parcel Number | MILF-000018-000200-000018 | Improvements Assessment | $212,290 |
| Land Assessment | $220,500 | Total Assessment | $432,790 |
