57-59 West St - Apartments FOR SALE


Danbury, CT 06810- Downtown Danbury | 
$1,399,000 USD
475-232-1698
57-59 West St, Danbury, CT for Sale
$1,399,000 USD
Apartments - FOR SALE
1/5
null | 8.02% Cap Rate

57-59 West St
Danbury, CT 06810
Downtown Danbury


OVERVIEW

Renovated 6-unit mixed-use building steps from downtown Danbury, listed at $1,399,000. The building has 1 commercial unit and 5 residential units: four 1-bedroom apartments and one spacious 4-bedroom apartment. Current gross rents total $11,800/month ($141,600/year). All utilities are separately metered and are tenant paid. Landlord pays water and sewer. Major improvements are complete, including a new roof, new siding, and interior upgrades. The commercial tenant is on a lease through 2027, and all residential tenants are month-to-month. The property offers off-street parking and is within walking distance of City Hall, CityCenter, Main Street shops and restaurants, the library, and the community college. It is on the bus line with quick access to I-84. Rent roll and Income/Expense sheet available upon request. Call agent at 475 232 1698 to schedule a showing.

FOR SALE DETAILS

PRICE

$1,399,000 USD

PRICE/SF

$286 USD /SF

# OF UNITS

6

PRICE/UNIT

$233,167

CAP RATE

8.02%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Terrante Building

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1863

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

Commercial

APN/PARCEL ID

DANB-000014I-000000-000086

ASK ABOUT THIS PROPERTY

Marc KrawiecThe Bridge Realty Inc.More Info
475-232-1698

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

Marc KrawiecThe Bridge Realty Inc.More Info
475-232-1698

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