Log In/Sign Up
Your email has been sent.
567 Vauxhall St - Waterford Professional Condominium 1,008 - 1,484 SF Office Condo Units Offered at $68,000 - $79,000 Per Unit in Waterford, CT 06385
Investment Highlights
- Central HVAC.
- Handicap accessible.
- Two basement storage areas.
- Convenient to I-95.
2 Units Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | Cap Rate | 13.00% |
| Sale Type | Investment |
| Cap Rate | 13.00% |
Sale Notes
Professional office suite located on the 3rd floor of Waterford Professional Building that is accessed via an elevator or stairs. Approximately 1,008 SQ FT comprised of 4 offices, waiting area, 1/2 bathroom, & a small supplies area. Three of the offices are leased, the 4th office is being used as storage. Their is a shared waiting area. Monthly condo association fee is $479.00, real estate taxes are $105 monthly or $1,264.00 yearly. The landlord states the monthly expenses total $584.00, tenants pay for their own electricity. Water is included in the condo association fee. Monthly rental income is $1,450.00, net monthly income is $866.00, annual income is $10,392.00. Listed for sale at $79,000.00, owner states a 13% Cap Rate. Since the offices are occupied all showings must be scheduled in advance. The Waterford Professional Complex is very close to I-95 with easy access in both directions with ample parking. Three of the four offices are leased, the fourth office could be cleared out & leased, generating additional income or owner-occupied. This is a great investment potential.
| Sale Type | Owner User |
| Sale Type | Owner User |
Sale Notes
Professional office suite located on the 3rd floor of Waterford Professional Building that is accessed via an elevator or stairs. Suites 327, 328, 329 and 330 comprise of 4 offices, reception area, 2 conference rooms or file rooms, 1/2 bath, HVAC condenser, a closet and kitchen totaling approximately 1,484 SF. The building is handicap accessible with curb cuts, ramps, and an elevator. Great location, convenient to I-95. Ample parking. Perfect for medical, financial, therapist, or any professional services. The Condo Association fee is $647.00/month and real estate taxes are $1,626. The Waterford Professional Building is professionally maintained. There is the potential for two basement storage units.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 304-306 | 1,008 SF | Office | $79,000 ($78.37/SF) | $10,270 |
| Unit 327-330 | 1,484 SF | Office | $68,000 ($45.82/SF) | - |
Unit 304-306
| Unit Size |
| 1,008 SF |
| Condo Use |
| Office |
| Price |
| $79,000 ($78.37/SF) |
| NOI |
| $10,270 |
Unit 327-330
| Unit Size |
| 1,484 SF |
| Condo Use |
| Office |
| Price |
| $68,000 ($45.82/SF) |
| NOI |
| - |
1 of 24
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 304-306
| Unit Size | 1,008 SF |
| Condo Use | Office |
| Price | $79,000 ($78.37/SF) |
| NOI | $10,270 |
| Sale Type | Investment |
| Cap Rate | 13.00% |
| Sale Notes | |
| Professional office suite located on the 3rd floor of Waterford Professional Building that is accessed via an elevator or stairs. Approximately 1,008 SQ FT comprised of 4 offices, waiting area, 1/2 bathroom, & a small supplies area. Three of the offices are leased, the 4th office is being used as storage. Their is a shared waiting area. Monthly condo association fee is $479.00, real estate taxes are $105 monthly or $1,264.00 yearly. The landlord states the monthly expenses total $584.00, tenants pay for their own electricity. Water is included in the condo association fee. Monthly rental income is $1,450.00, net monthly income is $866.00, annual income is $10,392.00. Listed for sale at $79,000.00, owner states a 13% Cap Rate. Since the offices are occupied all showings must be scheduled in advance. The Waterford Professional Complex is very close to I-95 with easy access in both directions with ample parking. Three of the four offices are leased, the fourth office could be cleared out & leased, generating additional income or owner-occupied. This is a great investment potential.</li></ul> |
1 of 38
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Unit 327-330
| Unit Size | 1,484 SF |
| Condo Use | Office |
| Price | $68,000 ($45.82/SF) |
| NOI | - |
| Sale Type | Owner User |
| Sale Notes | |
| Professional office suite located on the 3rd floor of Waterford Professional Building that is accessed via an elevator or stairs. Suites 327, 328, 329 and 330 comprise of 4 offices, reception area, 2 conference rooms or file rooms, 1/2 bath, HVAC condenser, a closet and kitchen totaling approximately 1,484 SF. The building is handicap accessible with curb cuts, ramps, and an elevator. Great location, convenient to I-95. Ample parking. Perfect for medical, financial, therapist, or any professional services. The Condo Association fee is $647.00/month and real estate taxes are $1,626. The Waterford Professional Building is professionally maintained. There is the potential for two basement storage units.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 37,000 SF | Floors | 3 |
| Property Type | Office | Typical Floor Size | 12,061 SF |
| Property Subtype | Medical | Year Built | 1985 |
| Building Class | B | Parking Ratio | 4.73/1,000 SF |
| Zoning | CG - C-G | ||
| Total Building Size | 37,000 SF |
| Property Type | Office |
| Property Subtype | Medical |
| Building Class | B |
| Floors | 3 |
| Typical Floor Size | 12,061 SF |
| Year Built | 1985 |
| Parking Ratio | 4.73/1,000 SF |
| Zoning | CG - C-G |
Amenities
- 24 Hour Access
- Air Conditioning
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Contact the Sale Advisor
567 Vauxhall St - Waterford Professional Condominium