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The Hair Residence 369 Boston Post Rd

4,197 SF 100% Leased Retail Building Old Saybrook, CT 06475 $525,000 USD ($125 USD/SF)

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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

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Storefront

Building Size

4,197 SF

Building Class

Year Built

1800

Price

$525,000 USD

Price Per SF

$125 USD

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

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PROPERTY TAXES

Parcel Number	OSAY-000042-000010	Improvements Assessment	$238,500 USD
Land Assessment	$132,800 USD	Total Assessment	$371,300 USD

PROPERTY TAXES

Parcel Number

OSAY-000042-000010

Land Assessment

$132,800 USD

Improvements Assessment

$238,500 USD

Total Assessment

$371,300 USD

Listing ID: 33990504
Date on Market: 11/24/2024
Last Updated:
Address: 369 Boston Post Rd, Old Saybrook, CT 06475

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