109 Prospect Ave, Shelton, CT 06484

Great investment opportunity in Downtown area of Shelton. This spacious 3-family sits on a level .17 acre lot with a 2 car detached garage and plenty of off street parking. First and second floor units have 2 bedrooms and 1 bath and are leased for $1300 and $1295 respectively. Each unit has updated kitchen and bath and both have central air. The third floor unit is a 1 bedroom and one bath and is leased for $875 per month. All new water heaters. Forced air furnaces are older but have been recently serviced and have years left of service (according to owner). Second floor AC coil and condenser are new. Updated electrical service for all units. Newer vinyl siding and the roof was just replaced. Detached garage and ample off-street parking. With a cap rate of 9% or better and Shelton's low tax rate and high rental demand, this multi-family is ideal for investors. There are so many updates in this home filled with woodwork details that are hard to find nowadays! Shared patio space. Close to Rt. 8, shopping, and restaurants. 24 hour notice required for all showings.