100 Church St Naugatuck, CT 06770-4158

Property Details for 100 Church St

Year built

1900

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.13 lot acres

Property size

7,080 SF

Zone code

R15

Property type

Retail space

APN

NAUG M:011 L:9100

APU

NAUGM011L9100

Description

This exceptional mixed-use property at 100 Church Street, Naugatuck, CT 06770, presents a compelling investment opportunity. The 9,144 square foot building, classified as Class B, boasts a strong 8.05% cap rate and a net operating income (NOI) of $114,600. Currently operating at 100% occupancy, the property features two ground-floor retail spaces (each 1,800 square feet) occupied by Appliance Solutions and Tazza Smoothie, both under leases expiring in December 2029, each paying $1,800 monthly rent. Upstairs, six fully renovated apartments generate substantial rental income: four one-bedroom units at $1,500 per month and two studio units at $1,400 per month. All tenants are responsible for their own utilities (electric, gas, water, and sewer). Each apartment includes a stove, refrigerator, dishwasher, washer, and dryer. The building sits on a 0.13-acre lot and is zoned R 15 CBD. The asking price is $1,423,500, making this a highly attractive net lease investment, suitable for a 1031 exchange. The property's strong tenant base, high occupancy rate, and substantial NOI make it an ideal addition to any portfolio. The building is a three-story structure with eight total units. The occupancy date is August 8, 2024.

Location Insight

City

Naugatuck

County

New Haven

State

Connecticut

Longitude

-73.0562

Latitude

41.4888

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments