1030 Federal RdBrookfield, CT 06804

Property Details for 1030 Federal Rd

Lot size

4.47 AC

Zone code

C-GN

Property type

Residential income properties

Property subtype

Other 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.

• CAP approach

  CAP return

  Valuation

  6%

  $39,917,924

  6.5%

  $36,847,316

  7%

  $34,215,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $39,433,860

  Geo Method

  $39,433,860

• Alternative Use

  Use

  Valuation

  Residential

  $36,847,316

  Hospitality

  $33,751,944

  Educational

  $28,081,220

  Medical

  $29,046,976

  Retail

  $43,681,900

Location Insight

City

Brookfield

County

Fairfield

State

Connecticut

Latitude

41.4962

Longitude

-73.4183

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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