755 Main Street , #8

    Monroe, CT 06468
    • $550,000
    • STATUS: Active Under Contract
    • ON SITE: 266 days
    • MLS #: 99129190
    Under Contract
    UPDATED: 71 min ago
    $550,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,716
      SQFT
    • $96
      $/SQFT
    Neighborhood:
    Type:
    Commercial
    Built:
    1988
    County:
    Area:

    School Ratings & Info

    Description

    8.3% CAP RATE! FULLY OCCUPIED Professional office condo at Bradford Green is perfect for the investor looking for passive income in a professionally tenanted commercial building that pays their rent! The building has 4 current tenants (excluding owners office). First-floor tenants include a long time attorney and an acupuncturist (newest tenant). The second-floor tenants include a large therapy group and an executive. The owner has a single office in the building and that space could be leased out for $600 per month for an additional $7,200 annual income over what the income currently reflects. Recent updates and recently painted units. All but one tenant have been long-term tenants. All tenants have leases and all want to remain. Each unit has their own entrance and restroom. Bradford Green is a well-managed commercial condominium office/retail park consisting of 8 buildings. The entire building features nicely fitted out office spaces that are recently painted and nicely maintained. Tenants pay their own utilities, separate electric meters for each tenant and each tenant pays a % of gas/heat. A large dry basement is perfect for storage. This is a well-maintained corner building with great visibility and tons of parking. Located on Main Street/Rte 25, short drive to Rte 59, I-84 and minutes to the Merritt and Rte 8. See income and expenses in supplemental documents.This property makes a great alternative to investors that purchase residential properties.

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    © 2018 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carbutti & Co Realtors. Data last updated: 2018-04-25T20:58:33.643.
    www.carbuttirealestate.com/homes/75368997

    755 Main Street , #8 Monroe, CT 06468

    • Price: $550,000
    • Status: Active Under Contract
    • Updated: 71 min ago
    • MLS #: 99129190
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    5,716
    SQFT
    $96
    $/SQFT
    1988
    Built
    Neighborhood:
    Upper Stepney
    County:
    Fairfield
    Area:
    Monroe
    Property Description
    8.3% CAP RATE! FULLY OCCUPIED Professional office condo at Bradford Green is perfect for the investor looking for passive income in a professionally tenanted commercial building that pays their rent! The building has 4 current tenants (excluding owners office). First-floor tenants include a long time attorney and an acupuncturist (newest tenant). The second-floor tenants include a large therapy group and an executive. The owner has a single office in the building and that space could be leased out for $600 per month for an additional $7,200 annual income over what the income currently reflects. Recent updates and recently painted units. All but one tenant have been long-term tenants. All tenants have leases and all want to remain. Each unit has their own entrance and restroom. Bradford Green is a well-managed commercial condominium office/retail park consisting of 8 buildings. The entire building features nicely fitted out office spaces that are recently painted and nicely maintained. Tenants pay their own utilities, separate electric meters for each tenant and each tenant pays a % of gas/heat. A large dry basement is perfect for storage. This is a well-maintained corner building with great visibility and tons of parking. Located on Main Street/Rte 25, short drive to Rte 59, I-84 and minutes to the Merritt and Rte 8. See income and expenses in supplemental documents.This property makes a great alternative to investors that purchase residential properties.
    Exterior Features

    Color Slate Gray Construction Description Frame Foundation Type Concrete Lot Description Corner LotLevel Lot Parking Spaces Uncovered 100 Parking Total Spaces 100 Road Frontage Approximate 400 Road Frontage Description Paved RoadState RoadU.S. Highway Roof Information Asphalt Shingle

    Interior Features

    Cooling System Central Air Flooring Concrete Heat Type No HeatZoned Restrooms Number Of 4

    Property Features

    Bank Owned Property Yn No Commercial Category Other Complex Name Bradford Green Documents Available AppraisalBrochureLegal Description Garage Parking Info Parking LotPaved Heat Fuel Type Natural Gas Location Office ParkSuburban Possession Availability Immediate Present Use Office Property Tax 12530 Sewage System Septic Sign Yn Yes Subdividable Ynu No Tenants Number Of 4 Utilities Available CableElectricGasTelephone Water Source Public Water Connected Zoning B1

    Listing information © 2018 Smart MLS
    Listing provided courtesy of Jeanette Politano of Coldwell Banker Residential Brokerage.


    © 2018 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Carbutti & Co Realtors. Data last updated: 2018-04-25T20:58:33.643.
     
    Carbutti & Co Realtors
    72 South Main Street
    Wallingford CT, 06492