54 Naugatuck Avenue

Milford, CT 06460 Directions
$1,200,000
  • 3Baths
  • 4,720Sqft
  • 0.1Acres
  • 1985Built
  • $254Price/Sqft

Property Highlights

  • Neighborhood: Walnut Beach
  • Days on Market: 9
  • MLS: 24161646

Property Highlights

  • Neighborhood: Walnut Beach
  • Days on Market: 9
  • MLS: 24161646

Discover a rare and versatile investment in the heart of Milford's premier live-work-play coastal community, Walnut Beach. This meticulously maintained property features a newly renovated ground-floor restaurant secured by a stable, long-term lease. Above, you'll find four oversized studio/one-bedroom apartments that offer significant upside potential in a high-demand rental market. Efficiency is built-in with separate gas and electric utilities for every unit, keeping overhead low and management simple. The location is truly unbeatable-just steps from the sandy shores of Walnut Beach, local boutique shops, and a vibrant culinary scene. Tenants...

Property Highlights

  • Neighborhood: Walnut Beach
  • Days on Market: 9
  • MLS: 24161646

Discover a rare and versatile investment in the heart of Milford's premier live-work-play coastal community, Walnut Beach. This meticulously maintained property features a newly renovated ground-floor restaurant secured by a stable, long-term lease. Above, you'll find four oversized studio/one-bedroom apartments that offer significant upside potential in a high-demand rental market. Efficiency is built-in with separate gas and electric utilities for every unit, keeping overhead low and management simple. The location is truly unbeatable-just steps from the sandy shores of Walnut Beach, local boutique shops, and a vibrant culinary scene. Tenants will fall in love with the "endless summer" vibe, defined by seasonal festivals, live music, and a thriving arts district. With the Milford Metro-North Station only seven minutes away, this property perfectly captures the balance of vacation-style living and easy commuter access to New Haven and New York City.

Discover a rare and versatile investment in the heart of Milford's premier live-work-play coastal community, Walnut Beach. This meticulously maintained property features a newly renovated ground-floor restaurant secured by a stable, long-term lease. Above, you'll find four oversized studio/one-bedroom apartments that offer significant upside potential in a high-demand rental market. Efficiency is built-in with separate gas and electric utilities for every unit, keeping overhead low and management simple. The location is truly unbeatable-just steps from the sandy shores of Walnut Beach, local boutique shops, and a vibrant culinary scene. Tenants will fall in love with the "endless summer" vibe, defined by seasonal festivals, live music, and a thriving arts district. With the Milford Metro-North Station only seven minutes away, this property perfectly captures the balance of vacation-style living and easy commuter access to New Haven and New York City.

Read MoreRead Less
  • Additional Information
    • Acres: 0.1
    • Area Type: Retail Corridor
    • Gross Expenses: 33042
    • Gross Income: 80175
    • Is Occupied?: Tenant
    • Living Area SqFt: 4,720
    • Neighborhood: Walnut Beach
    • Present Use: Mixed use
    • Property Tax: $11,003
    • Road Frontage Description: Municipal Street
    • Sewer: Public Sewer Connected
    • Tax Amount: $11,003
    • Unit Count: 5
    • Utilities Available: Electric, Gas, Telephone, Cable
    • Year Built: 1985
    • Zoning: CDD2
  • Interior Features
    • Air Conditioning: Central Air, Wall Unit
    • Cooling: Central Air, Wall Unit
    • Full Baths: 3
    • Furnace Type: Electric, Natural Gas
    • Heat: Electric, Natural Gas
    • Heat Fuel: Electric, Natural Gas
    • Living SqFt Source: Public Records
    • Total Baths: 3
  • Exterior Features
    • Roof: Asphalt Shingle

Listing Courtesy of Jeremy Rosner of Levey Miller Maretz LLC.

Click to view full screen