123 Litchfield Rd New Milford, CT 06776-2212

Property Details for 123 Litchfield Rd

Year built

1980

Construction

FRAME

Lot size

0.92 lot acres

Property size

4,096 SF

Zone code

R40

Property type

Showrooms

APN

NMIL M:57 L:103

APU

NMILM57L103

Description

This exceptional mixed-use property, located at 123 Litchfield Rd #202 in New Milford, Connecticut, presents a unique investment opportunity. The 4,096 square foot building boasts four separately metered units: one residential apartment and three commercial office suites. Currently, 75% of the units are leased, generating a strong net operating income (NOI) of $53,345, with a 9.00% cap rate. The property features a desirable location on Route 202, offering 201 feet of road frontage and prominent road signage. A large paved parking lot provides ample space for tenants and visitors. The building is a Class B, two-story structure situated on a 0.92-acre lot, with city water and septic. The first floor includes a one-bedroom apartment and an office suite, while the second floor houses two additional office suites. Each unit has its own separate meter. Annual property taxes are $6,597. The 1,200 square feet of net rentable space, combined with the strong NOI and prime location, makes this an attractive investment for both owner-occupants and investors seeking a stable, high-yield property in a thriving Connecticut market. This is a rare opportunity to acquire a well-maintained, multi-unit property with significant upside potential. The asking price is $479,900.

Location Insight

City

New Milford

County

Litchfield

State

Connecticut

Longitude

-73.3999

Latitude

41.6147

CBSA code

45860

CBSA name

TORRINGTON, CT MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments