262 New Milford Turnpike

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262 New Milford Turnpike

Washington, CT 06777
Asking Price
$599K
Asset Type
Storefront Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily property located at 262 New Milford Turnpike in Washington.
  • Asset features two residential units paired with a distinct storefront.
  • Total asking price for the property is set at $599,000.
  • The valuation equates to a price of $299,500 per unit.
  • Situated within the established suburban market of Litchfield County.

What's Special

This two-unit multifamily property with an integrated storefront provides a flexible investment in Washington, Connecticut. Investors seeking a property that balances residential income with commercial potential will find the configuration well-suited for a mix of business operations and long-term rental demand. The building occupies a notable position along New Milford Turnpike, placing it within a region recognized for its stable suburban characteristics and connectivity throughout Litchfield County. The layout allows for a versatile approach to property management, appealing to those looking to leverage both retail visibility and residential occupancy within the same site. Prospective buyers have the chance to secure this mixed-use asset at a total asking price of $599,000, which reflects a per-unit valuation of $299,500. Given the current configuration, this asset supports diverse occupant profiles, ranging from local service providers to residential tenants, in a market that remains an established residential and business destination in the state.

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NOI
$80,000
Cap Rate
13.36%
DSCR
2.25
Strong
Cash-on-Cash
24.73%
Monthly Payment
$2,963.525
Annual Cash Flow
$44,437.698

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