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369 Boston Post Rd 4,197 SF 100% Leased Retail Building Old Saybrook, CT 06475 $696,564 CAD ($165.97 CAD/SF)
INVESTMENT HIGHLIGHTS
- approx 10k plus vehicles / day
- 2 Residential units on the second floor.
EXECUTIVE SUMMARY
Real Estate Income Analysis
369 Boston Post Road, Old Saybrook, CT 06475
APARTMENTS: (2) Apartments on 2nd Floor
Note; The rental units are below market value.
Current Rental income:
$1200.00 each unit
$2,400.00 Total Per Month
Proposed Rental Income
Currently the rental units are below market value and can be adjusted immediately.
Market Value: $2000.00 each unit
Monthly Rental Income: $4000 per month plus utilities
COMMERCIAL: Commercial Lease:
The first floor is large enough with multiple egresses on main floor and two bathrooms, 2 Units can be subdivided; which is an option for the 1st Floor.
$1500.00 Total Per Month Each $3000.00 Total First Floor
Utilities have been included with leases, Residential and Commercial
Oil: Heat Baseboard
Electric Usage:
Currently shared between Tenants, Utilities should be separated, install mini splits in each unit each Tenant should be paying towards their usage or leave as is and add additional cost for utilities included $300-400 per month is still a great option without spending any additional money.
CT WATER, based on usage
Tenant Lease, Water would be included or could do a monthly flat fee per Tenant. $25.00 per month each
SEPTIC SYSTEM, pumped June 2022
Property Taxes: $7046.64
Up Grades:
Exterior Deck/ Decking Steps: $9,100
Vinyl Siding: $9,200
369 Boston Post Road, Old Saybrook, CT 06475
APARTMENTS: (2) Apartments on 2nd Floor
Note; The rental units are below market value.
Current Rental income:
$1200.00 each unit
$2,400.00 Total Per Month
Proposed Rental Income
Currently the rental units are below market value and can be adjusted immediately.
Market Value: $2000.00 each unit
Monthly Rental Income: $4000 per month plus utilities
COMMERCIAL: Commercial Lease:
The first floor is large enough with multiple egresses on main floor and two bathrooms, 2 Units can be subdivided; which is an option for the 1st Floor.
$1500.00 Total Per Month Each $3000.00 Total First Floor
Utilities have been included with leases, Residential and Commercial
Oil: Heat Baseboard
Electric Usage:
Currently shared between Tenants, Utilities should be separated, install mini splits in each unit each Tenant should be paying towards their usage or leave as is and add additional cost for utilities included $300-400 per month is still a great option without spending any additional money.
CT WATER, based on usage
Tenant Lease, Water would be included or could do a monthly flat fee per Tenant. $25.00 per month each
SEPTIC SYSTEM, pumped June 2022
Property Taxes: $7046.64
Up Grades:
Exterior Deck/ Decking Steps: $9,100
Vinyl Siding: $9,200
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,197 SF
Building Class
C
Year Built
1800
Price
$696,564 CAD
Price Per SF
$165.97 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.16
Lot Size
0.61 AC
Zoning
B4 - B-4
Frontage
78’ on Boston Post
AMENITIES
- Pylon Sign
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | OSAY-000042-000010 | Improvements Assessment | $333,471 CAD |
| Land Assessment | $185,681 CAD | Total Assessment | $519,152 CAD |
PROPERTY TAXES
Parcel Number
OSAY-000042-000010
Land Assessment
$185,681 CAD
Improvements Assessment
$333,471 CAD
Total Assessment
$519,152 CAD
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369 Boston Post Rd
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