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27 Moss St

6 Unit Apartment Building $1,000,000 ($166,667/Unit) 7.79% Cap Rate Pawcatuck, CT 06379

Investment Highlights

  • Convenient neighborhood location to both Pawcatuck, CT and Westerly, RI
  • Demand for housing in this area, rents units before they can be cosmetically refurbished
  • Most units remodeled in the last 2 years

Executive Summary

Opportunity Knocks: Don't miss out on this lucrative investment! Whether you're a seasoned investor or a first-time buyer, this 6-unit property in Pawcatuck promises both stability and growth potential. Investment Highlights: * Strong Cap Rate: At 7.794%, this property offers an attractive return on investment. * Steady Demand: Pawcatuck's growing economy ensures consistent tenant demand. * Historic Charm: The property's character and location appeal to renters seeking authenticity. Key Features: 1. Prime Location: Situated in the charming village of Pawcatuck in the town of Stonington, this property enjoys proximity to Westerly, Rhode Island, and historic commercial ties. 2. Industrial Base: Retaining its industrial heritage, the neighborhood hosts companies like Davis-Standard, Cottrell Brewery, and Hi-Tech Profiles. 3. Sport Fishing Hub: Marinas support an active sport fishing industry, attracting enthusiasts year-round. 4. Retail and Arts Scene: Pottery and jewelry studios add to the vibrant local arts community. Property Overview: * Unit Count: 6 * Price: $1,000,000.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual $99,999
Annual Per SF $9.99
Vacancy Loss
Annual $99,999
Annual Per SF $9.99
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts Under Contract

Price $1,000,000
Price Per Unit $166,667
Sale Type Investment
Cap Rate 7.79%
No. Units 6
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Building Class C
Lot Size 0.23 AC
Building Size 6,032 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1902/1983
Parking Ratio 1.33/1,000 SF

Unit Amenities

  • Yard
  • Deck

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 1 $1.00 -
2+2 1 $1.00 -
1+1 4 $1.00 -

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
STON-000004-000003-000023
Land Assessment
$72,800 (2024)
Improvements Assessment
$337,400 (2024)
Total Assessment
$410,200 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023

zoning

Zoning Code RH-10
RH-10
  • Listing ID: 32108505

  • Date on Market: 6/12/2024

  • Last Updated:

  • Address: 27 Moss St, Pawcatuck, CT 06379

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