359 Salmon Brook St Granby, CT 06035
This exceptional three-unit apartment building, ideally situated at 359 Salmon Brook Street in Granby, Connecticut, presents a compelling investment opportunity. Boasting 3,099 square feet of net rentable space across three stories, this 1927-built property offers seven bedrooms and three bathrooms, currently enjoying 100% occupancy with a June 7, 2024 occupancy date. The building sits on a 0.53-acre lot and is zoned R30, providing ample space and flexibility. With abundant parking (20 spaces), this property is conveniently located with excellent highway access. The attractive exterior enhances curb appeal. The asking price is $395,000, translating to $127.46 per square foot and $131,667 per unit. Annual property taxes are $6,200. Note: This property is being sold with the adjacent Cambridge House Brew Pub. The building includes a detached 3,099 square foot garage and a total of 16 rooms. This is a unique owner/user opportunity combining residential and commercial potential. The property is a free-standing building.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.