Log In/Sign Up
Your email has been sent.
410-421 Howe Ave 9 Unit Apartment Building $4,345,984 CAD ($482,887 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 |
$397,495
|
$26.11
|
| Other Income |
$3,568
|
$0.23
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$401,062
|
$26.34
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$75,037
|
$4.93
|
| Net Operating Income |
$326,025
|
$21.42
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $397,495 |
| Annual Per SF | $26.11 |
| Other Income (CAD) | |
|---|---|
| Annual | $3,568 |
| Annual Per SF | $0.23 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $401,062 |
| Annual Per SF | $26.34 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $75,037 |
| Annual Per SF | $4.93 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $326,025 |
| Annual Per SF | $21.42 |
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 | $1,278,303 CAD (2025) |
| Land Assessment | $62,783 CAD (2025) | Total Assessment | $1,341,086 CAD (2025) |
Property Taxes
Parcel Number
SHEL-000129D-000000-000047
Land Assessment
$62,783 CAD (2025)
Improvements Assessment
$1,278,303 CAD (2025)
Total Assessment
$1,341,086 CAD (2025)
1 of 13
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
410-421 Howe Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.