Serving Fairfield County for over 25 years
Bob Budnik
203-889-9101203-889-9101

39 Smith Street, Danbury, CT 06810 (MLS # 170109821)

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PRICE $309,000
SIZE 1,312 sq ft
LOT SIZE 12,196 sqft

The property is located within sight of Exit 5 - I-84 on and off exit ramps in a new growth area at North Main St. in downtown Danbury, CT. The property is in the valuable multi-use CG-20 zone. The CG-20 zone allows a multitude of high end and generous uses including office and medical. The property is located within the tax advantaged "Opportunity Zone". The property consists of two one bedroom Apartments situated on 0.28 acres and a partially refurbished multi-car garage and excellent parking. The apartments and garage are fully leased with one year leases providing a current NOI of $22,525 with a Cap rate of 7.4% This building has been recently renovated with a new roof, hardboard siding, insulation, and gutters. The electrical system in the building has been significantly upgraded and a new washer and dryer installed in the basement. The front and rear porch entrances have been completely rebuilt with materials matching the new siding. The rear garage has been partially refurbished and upgraded to include heat and air conditioning. Natural gas, Municipal water and sewer service the building. The property is located at the Gateway access via I-84/684 to Eastbound New England and Westbound New York, New Jersey and PA. Metropolitan NY and NJ is only one-hour South. This 1312 s.f. apartment building and multi-car garage contains two floors and a full basement. A feasibility site plan has been prepared for the potential construction of a new building on the site.

DAYS ON MARKET 622 LAST UPDATED 3/26/2020
YEAR BUILT 1900 COMMUNITY City Center
COUNTY Fairfield STATUS Active
PROPERTY TYPE(S) Commercial For Sale

PRICE HISTORY
Prior to Oct 31, '18 $329,000
Oct 31, '18 - Today $309,000


ADDITIONAL DETAILS
ASSESSED VALUE 77300
COMMERCIAL CATAGORY Investment, Other, Residential Income
CONSTRUCTION DESCRIPTION Frame
COOLING SYSTEM Wall Unit, Window Unit
ELECTIC AMPERAGE 100
ELECTIC VOLTS 220
EXTERIOR FEATURES Gutters, Outside Storage Area, Storage Building
FLOOD ZONE YN 0
FOUNDATION TYPE Concrete, Masonry
GROSS ANNUAL EXPENSE 13475
GROSS ANNUAL INCOME 36000
HEAT FUEL TYPE Natural Gas, Oil
HEAT TYPE Hot Air, Hot Water
LISTING AGENT BOARD Northern Fairfield County
LOT DESCRIPTION Dry, Level Lot
PARKING SPACES COVERED 3
PARKING SPACES UNCOVERED 7
POTENTIAL SHORT SALE No
POTENTIAL USE Apartment and office
PROPERTY TAX 2133
PROPERTY TYPE Commercial For Sale
ROAD FRONTAGE DESCRIPTION Interstate Highway, Municipal Street, U.S. Highway
ROOF INFORMATION Asphalt Shingle
SEWAGE SYSTEM Public Sewer Connected
SQ FT SOURCE Public Records
SUBDIVIDABLE YNU Yes
TAX YEAR July 2019-June 2020
TENANTS NUMBER OF 2
UTILITIES AVAILABLE Cable, Electric, Gas, Telephone
WATER SOURCE Public Water Connected

ZESTIMATE
39 Smith Street, Danbury, CT

RENT ZESTIMATE
$1575 / mo.  39 Smith Street, Danbury, CT

66 Somewhat Walkable



 
CONTACT US ABOUT 39 SMITH STREET
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Listed with Advantage Realty, Inc.
Information Deemed Reliable But Not Guaranteed.
Data last updated: 4/8/20 1:15 PM PDT