202-204 Cherry St 2 Properties in Milford, CT

Fund Mandated Sale (All offers encouraged). Metro 202–204 Cherry is a premier 23,142-square-foot mixed-use property featuring two well-maintained buildings that combine medical office and multifamily residential space in a highly desirable location. The property benefits from a long-standing medical tenancy providing stable, predictable income, complemented by a diversified residential component offering strong rent growth potential. Situated within a supply constrained residential market, the asset provides investors with a rare opportunity to acquire a proven, income-generating property with value-add and inflation-protected upside through rent optimization and continued strong, recession proof, demand for housing and medical services in the Milford metro market.
Metro 202–204 Cherry is a premier 23,142-square-foot mixed-use property consisting of two well maintained buildings that combine medical office and multifamily residential space in a highly desirable location. The first building, totaling 11,279 square feet, is occupied by a single NN tenant medical group that has operated at the property for over 20 years with a booming irreplaceable customer base, providing exceptional income stability and long-term tenancy. The second building, encompassing 11,863 square feet, built in 1999 includes approximately 1,700 square feet of fully leased professional office space and 14 one-bedroom apartment units. The Apartment units are a generous 900 SQFT One Bedroom 1 Bathroom with hardwood floors, oven, stove, dishwasher, microwave, in-unit laundry, A/C, and on-site parking.