12 Elm Street | 12 Elm St
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12 Elm Street 12 Elm St
4 Unit Apartment Building $699,900 ($174,975/Unit) New Milford, CT 06776
Investment Highlights
- Commercial storefront with many possibilities
- Covert the 2nd floor of the main building back to apartments.
- Three apartments in the back barn.
Executive Summary
Prime New Milford real estate. The main house has a commercial storefront with offices on the 2nd floor and a barn with three apartments. Two 2 bedroom apartments and one 1 bedroom apartment.
Own a piece of history in the village district of New Milford. The main house currently operates as cafe/catering service with a storefront cafe and commercial kitchens. The upper level provides food storage and offices in what once were bedrooms. There is plenty of storage in the walk-up attic and the significantly upgraded lower level houses dry storage, supplies and has a convenient walkout to the rear parking area. The level parking area allows for 10 to 12 cars. Come and see all the charm that a well built Victorian home provides including 9+ foot ceilings, many moldings, two staircases, two porches and beautiful foyer. The back barn provides three apartments. There are two, two bedroom units and a one bedroom. Each unit has level parking, a private entrance, and washer/dryer hookups. An outstanding location in the village district allows for an easy walk to restaurants and shopping.
Own a piece of history in the village district of New Milford. The main house currently operates as cafe/catering service with a storefront cafe and commercial kitchens. The upper level provides food storage and offices in what once were bedrooms. There is plenty of storage in the walk-up attic and the significantly upgraded lower level houses dry storage, supplies and has a convenient walkout to the rear parking area. The level parking area allows for 10 to 12 cars. Come and see all the charm that a well built Victorian home provides including 9+ foot ceilings, many moldings, two staircases, two porches and beautiful foyer. The back barn provides three apartments. There are two, two bedroom units and a one bedroom. Each unit has level parking, a private entrance, and washer/dryer hookups. An outstanding location in the village district allows for an easy walk to restaurants and shopping.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts Under Contract
Unit Amenities
- Air Conditioning
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Carpet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | 700 |
| 1+1 | 1 | - | 600 |
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Walk Score ®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | NMIL-000035-000002-000194 | Improvements Assessment | $267,610 (2024) |
| Land Assessment | $106,880 (2024) | Total Assessment | $374,490 (2024) |
PROPERTY TAXES
Parcel Number
NMIL-000035-000002-000194
Land Assessment
$106,880 (2024)
Improvements Assessment
$267,610 (2024)
Total Assessment
$374,490 (2024)
zoning
| Zoning Code | VC (CHAPTER 80 VILLAGE CENTER DISTRICT (VCD) Section 080-010 Purpose These zones are established for the purpose of safeguarding the heritage of the Town) |
| VC (CHAPTER 80 VILLAGE CENTER DISTRICT (VCD) Section 080-010 Purpose These zones are established for the purpose of safeguarding the heritage of the Town) |
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Drakeley Real Estate Inc
12 Elm Street | 12 Elm St
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