Property Description
Commercial Mixed Use, cross-posted on MLS alternative # 24149460. 7.06 CAP r a t e ~ Prime mixed-use investment property offered at $850,000 along the high-visibility Route 1 corridor. The asset consists of three total units of office/retail space with direct road frontage and two residential apartments privately situated in the rear. Trusted General Contractor currently rents the rear yard space at $1,000/month. Projected gross income totals $90,000/year. Incorporating a 10 p e r c e n t vacancy & repairs reserve, the stabilized effective gross income is $81,000/year. Operating expenses total $20,945/year (real estate taxes: $5,896 | insurance: $5,879 | electric: $4,600 | oil: $1,350 | propane: $1,620 | snow removal/water/septic: $1,600), resulting in a net operating income (NOI) of $60,055/year. At the asking price of $850,000, the asset delivers a 7.06 CAP r a t e, with long-term value preservation and upside through future rent adjustments. Strong location, consistent cash flow, and limited supply of mixed-use product on Route 1 make this an ideal long-term hold, 1031 exchange target, or portfolio addition.
Features
- Heating System:
- Hot Air, Hot Water
- Cooling System:
- No
- Basement:
- Full, Unfinished
- Foundation Type:
- Masonry
- Heat Fuel Type:
- Oil, Propane
- Exterior Siding:
- Vinyl Siding
- Fireplaces Total:
- 0
- Parking Total Spaces:
- 0
- Hot Water Description:
- Tank Size Unknown
- Lot Description:
- Level Lot, Corner Lot
- Water Source:
- Public Water Connected
Address Map
- Street:
- Boston Post
- Street Number:
- 1780
- Floor Number:
- 0
- Longitude:
- W73° 34′ 48”
- Latitude:
- N41° 17′ 3”
MLS Addon
- Office Name:
- Carbutti & Co., Realtors
- Agent Name:
- Nicholas Tarquino
- List Agent MLSID:
- 842941
- List Office MLSID:
- CARB30
- Tax Year:
- July 2025-June 2026
- Directions:
- Use GPS
- Elementary School:
- Per Board of Ed
- High School:
- Per Board of Ed
- HOA Fee Amount:
- $0
- Parcel Number:
- 1024739
- Property Tax:
- $5,896
- Zoning:
- B-4
Multi-family For Sale
1780 Boston Post, Old Saybrook, 06475
4 Bedrooms
2 Bathrooms
2,236 Sqft
$850,000
Listing ID #24149701
Basic Details
- Property Type :
- Multi-family For Sale
- Listing Type :
- For Sale
- Listing ID :
- 24149701
- Price :
- $850,000
- Bedrooms :
- 4
- Baths Total :
- 3
- Bathrooms :
- 2
- Half Bathrooms :
- 1
- Square Footage :
- 2,236 Sqft
- Year Built :
- 1912
- Lot Area :
- 0.69 Acre
- City:
- Old Saybrook
- Zipcode:
- 06475
- Property Sub Type :
- Other
- Style :
- Units on different Floors
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
- Ben Keeney
- View website
- 203-313-0013
- 866-886-0013
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