The Hair Residence | 369 Boston Post Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
The Hair Residence 369 Boston Post Rd
4,197 SF 100% Leased Retail Building Old Saybrook, CT 06475 $525,000 ($125/SF)
Investment Highlights
- approx 10k plus vehicles / day
Executive Summary
Please Call Terry McDonald 860-710-1645
Real Estate Income Analysis
369 Boston Post Road, Old Saybrook, CT 06475
APARTMENTS: (2) Apartments on 2nd Floor
Note; The rental units are below market value.
Current Rental income:
$1200.00 each unit
$2,400.00 Total Per Month
Proposed Rental Income
Currently the rental units are below market value and can be adjusted immediately.
Market Value: $2000.00 each unit
Monthly Rental Income: $4000 per month plus utilities
COMMERCIAL: Commercial Lease:
The first floor is large enough with multiple egresses on main floor and two bathrooms, 2 Units can be subdivided; which is an option for the 1st Floor.
$1500.00 Total Per Month Each $3000.00 Total First Floor
Utilities have been included with leases, Residential and Commercial
Oil: Heat Baseboard
Electric Usage:
Currently shared between Tenants, Utilities should be separated, install mini splits in each unit each Tenant should be paying towards their usage or leave as is and add additional cost for utilities included $300-400 per month is still a great option without spending any additional money.
CT WATER, based on usage
Tenant Lease, Water would be included or could do a monthly flat fee per Tenant. $25.00 per month each
SEPTIC SYSTEM, pumped June 2022
Property Taxes: $7046.64
Up Grades:
Exterior Deck/ Decking Steps: $9,100
Vinyl Siding: $9,200
Real Estate Income Analysis
369 Boston Post Road, Old Saybrook, CT 06475
APARTMENTS: (2) Apartments on 2nd Floor
Note; The rental units are below market value.
Current Rental income:
$1200.00 each unit
$2,400.00 Total Per Month
Proposed Rental Income
Currently the rental units are below market value and can be adjusted immediately.
Market Value: $2000.00 each unit
Monthly Rental Income: $4000 per month plus utilities
COMMERCIAL: Commercial Lease:
The first floor is large enough with multiple egresses on main floor and two bathrooms, 2 Units can be subdivided; which is an option for the 1st Floor.
$1500.00 Total Per Month Each $3000.00 Total First Floor
Utilities have been included with leases, Residential and Commercial
Oil: Heat Baseboard
Electric Usage:
Currently shared between Tenants, Utilities should be separated, install mini splits in each unit each Tenant should be paying towards their usage or leave as is and add additional cost for utilities included $300-400 per month is still a great option without spending any additional money.
CT WATER, based on usage
Tenant Lease, Water would be included or could do a monthly flat fee per Tenant. $25.00 per month each
SEPTIC SYSTEM, pumped June 2022
Property Taxes: $7046.64
Up Grades:
Exterior Deck/ Decking Steps: $9,100
Vinyl Siding: $9,200
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,197 SF
Building Class
C
Year Built
1800
Price
$525,000
Price Per SF
$125
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.16
Lot Size
0.61 AC
Zoning
B4 - B-4
Frontage
78 FT on Boston Post
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | OSAY-000042-000010 | Improvements Assessment | $238,500 |
| Land Assessment | $132,800 | Total Assessment | $371,300 |
PROPERTY TAXES
Parcel Number
OSAY-000042-000010
Land Assessment
$132,800
Improvements Assessment
$238,500
Total Assessment
$371,300
1 of 3
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
The Hair Residence | 369 Boston Post Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.