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410-421 Howe Ave 9 Unit Apartment Building $4,466,944 CAD ($496,327 CAD/Unit) 7.97% Cap Rate Shelton, CT 06484
INVESTMENT HIGHLIGHTS
- COMPLETELY RENOVATED FROM TOP TO BOTTOM, INSIDE AND OUTSIDE
- MIXED-USE, 9 RESIDENTIAL APARTMENTS, 4 COMMERCIAL RETAIL UNITS
- CLOSE TO RTE 8, RTE 34 AND ROUTE 15/MERRITT PARKWAY
- 100% OCCUPIED - 7.5% CAP RATE AT CURRENT LOW RENTS
- 4-WAY SIGNALIZED LIGHT CORNER LOCATION
- DOWNTOWN SHELTON SIDEWALK LOCATION
EXECUTIVE SUMMARY
Fully occupied mixed use commercial and residential building located in Fairfield County, Shelton, CT. The property is located on a 4-way signalized street light intersection of Howe and Center streets. The building has been completely renovated with all new 9 residential apartments and 4 commercial units. Interior and exterior renovated. Laundry on premises that provides additional income. Low Taxes. Great commuter location. Excellent Investment Opportunity for someone that wants a turn-key renovated building with great income. BELOW MARKET RENTS!
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$408,558
|
$26.84
|
| Other Income |
$3,667
|
$0.24
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$412,225
|
$27.08
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$77,126
|
$5.07
|
| Net Operating Income |
$335,099
|
$22.01
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $408,558 |
| Annual Per SF | $26.84 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,667 |
| Annual Per SF | $0.24 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $412,225 |
| Annual Per SF | $27.08 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $77,126 |
| Annual Per SF | $5.07 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $335,099 |
| Annual Per SF | $22.01 |
PROPERTY FACTS
AMENITIES
SITE AMENITIES
- Laundry Facilities
- Laundry Service
1 1
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | SHEL-000129D-000000-000047 | Improvements Assessment | $1,313,662 CAD (2025) |
| Land Assessment | $64,519 CAD (2025) | Total Assessment | $1,378,181 CAD (2025) |
PROPERTY TAXES
Parcel Number
SHEL-000129D-000000-000047
Land Assessment
$64,519 CAD (2025)
Improvements Assessment
$1,313,662 CAD (2025)
Total Assessment
$1,378,181 CAD (2025)
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410-421 Howe Ave
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