329 Kent Rd - Apartments FOR SALE


New Milford, CT 06776
$950,000 USD
203-744-7077
329 Kent Rd, New Milford, CT for Sale
$950,000 USD
Apartments - FOR SALE
1/24
null | Request Cap Rate

329 Kent Rd
New Milford, CT 06776


OVERVIEW

Multi family for redevelopment or rehab on 4 level acres. Preliminary engineering and surveys now available. The redevelopment proposes 50-60+ bedrooms based on approval and water capacity. Existing structures with 5 apartments are being served by private septics/wells. Aquarion water service located an adjacent parcel. The main building was previously operated as The North Country Inn with 3 apartments above and a 5 year old roof. This portion was added to the original main house built in the 1600's with some original floors, beams and fire place. Previous owner roughed in 2 owner apt units upstairs. A second 2 family building has 2 apts recently vacated with a new roof and a 3rd unit roughed in. Single family house and retail/barn are also onsite and considered to be in tear down condition. All buyers should use due diligence on legal status of units.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$86 USD /SF

# OF UNITS

6

PRICE/UNIT

$158,333

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1789

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4.05 AC

LAND SF

176,418 SF

ZONING

B1

APN/PARCEL ID

NMIL-000040-000000-000098-C000000

ASK ABOUT THIS PROPERTY

Paul ScalzoScalzo CommercialMore Info
203-744-7077

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Paul ScalzoScalzo CommercialMore Info
203-744-7077

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.