1030 Federal Rd Brookfield, CT 06804
- Apartment buildings
- 4.47 lot acres
Current Use by Public Records
- TLC / Apartment Building
- Newbury Inn Hotel / Hotel
Property Details for 1030 Federal Rd
- Lot size
- 4.47 lot acres
- Zone code
- C-GN
- Property type
- Apartment buildings
- APN
- BROO M:C04 L:010
- APU
- BROOMC04L010
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brookfield
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.4183
- Latitude
- 41.4962
- CBSA code
- 14860
- CBSA name
- BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA
