57-59 West Street
Danbury, Connecticut

Description:

Renovated 6-unit mixed-use building steps from downtown Danbury, listed at $1,399,000. The building has 1 commercial unit and 5 residential units: four 1-bedroom apartments and one spacious 4-bedroom apartment. The first floor consists of the commercial unit which includes a full bathroom, and the 4-bedroom apartment which includes a full bathroom and kitchen. The second floor consists of three 1-bedroom apartments. Each of these apartments have their own full bathrooms and kitchens. The third floor consists of a 1-bedroom apartment which includes a full bathroom and kitchen. Current gross rents total $11,800/month ($141,600/year). All utilities are separately metered and are tenant paid. Landlord pays water and sewer. Major improvements are complete, including a new roof, new siding, and interior upgrades. The commercial tenant is on a lease through 2027, and all residential tenants are month-to-month. The property offers off-street parking and is within walking distance of City Hall, CityCenter, Main Street shops and restaurants, the library, and the community college. It is on the bus line with quick access to I-84. Rent roll and Income/Expense sheet available upon request.

Listing Courtesy of The Bridge Realty Inc.