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    1030 Federal Rd Brookfield, CT 06804

    Sponsored
    For Sale
    $6,000,000

    20-Unit Multifamily Investment

    Property size:
    15,804 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional multifamily investment opportunity presents a fully leased, 20-unit apartment building situated on a 4.47-acre lot in Brookfield, Connecticut's desirable Four Corners area. The property, boasting 15,804 square feet, comprises two buildings recently renovated in 2024. The renovation included new flooring, fresh paint, granite countertops, stainless steel appliances, and updated lighting throughout all 17 one-bedroom and 3 two-bedroom units. Ample parking is available, enhanced by a recently paved parking lot. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $322,832 and a 5.38% cap rate at an asking price of $6,000,000. City water and sewer services are available. Further development potential exists, with approvals already in place for an additional 14 units, along with a swimming pool, pool house, and fitness center. The convenient location near shops, restaurants, and a new food emporium adds to the property's appeal. This is a rare chance to acquire a high-performing, well-maintained asset with significant upside potential in a thriving Connecticut market. The property is located at 1030 Federal Rd, Brookfield, CT 06804, in Fairfield County.

    Property Features for 1030 Federal Rd

    General Information

    Property type
    Multifamily properties
    Square Feet
    15,804 SF
    Class
    B
    Lot Size
    194,713 SF

    Building Details

    Year Renovated
    2024
    Buildings
    2
    Units
    20

    HighLights

    • 20‑unit multifamily property, fully leased, offering 17 one‑bedroom and 3 two‑bedroom units.
    • Recently renovated in 2024 with new flooring, paint, granite countertops, and stainless steel appliances.
    • Approved plans for 14 additional units, plus a pool, pool house, and fitness center.
    • City water and sewer services available.
    • Located on a 4.47‑acre lot in Brookfield, CT's desirable Four Corners area, at 1030 Federal Rd, Brookfield, CT 06804.
    Property Profile Location Intelligence

    Current Use by Public Records

    TLC Apartment Building Newbury Inn Hotel Hotel

    Suggested Use

    Restaurant Realty agency Spa & Massage Building Supply Dental Office Wholesale Shop Auto Repair Shop Nail Salon Hotel & Motel Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Brookfield
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.417975
    Latitude
    41.4961607

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    FAQs

    What type of property is this?
    Multifamily property - 20-Unit Multifamily Investment
    Where is this multifamily property located?
    The property is located at 1030 Federal Rd Brookfield, CT.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: 20-unit multifamily property, fully leased, offering 17 one-bedroom and 3 two-bedroom units.; Recently renovated in 2024 with new flooring, paint, granite countertops, and stainless steel appliances.; Approved plans for 14 additional units, plus a pool, pool house, and fitness center.
    Request Owner's contact information
    1030 Federal Rd Brookfield, CT 06804
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    Brookfield, CT 06804
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1030 Federal Rd Brookfield, CT 06804
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