Current 6000+/- square foot commercial building with two residential additions and approvals for 38 total apartment units. 32 of the apartments are in Stratford with the remaining 6 in Bridgeport. Property will convey as-is at this price and it is the responsibility of the new party to finish the remaining additions and upfit to the current building. Convenient location on bus line and close to all major transportation, including two train stations and all highways/parkways. 2 units are built and complete and 18 are partially built. There is a lease on the current commercial space at $2,000 per month, which includes the garage bays, this is for another 5 years and has 3 5-year extension options. 9 residential units are approved to eventually replace the commercial space. Please reach out for an interior tour after having done a drive by, provided financials and all diligence. This is a great investment opportunity and a great price for a wonderful 38-unit apartment building in desirable Fairfield County.
Commission structure not available, using default of 2.5%
Make OfferStephen Shapiro, Davis Owen Real Estate
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