567 VAUXHALL Street Extension SUITE 304, 305, 306

567 Vauxhall St EXT Suites 304, 305, 306 Waterford CT 06385 WATERFORD PROFESSIONAL COMPLEX. Three suites on the 3rd floor very close to the elevator. Approximately 1,008 SQ FT comprised of 4 offices, waiting area, 1/2 bathroom, & a small supplies area. Three of the offices are leased, the 4th office is being used as storage. Their is a shared waiting area. Monthly condo association fee is $479.00, real estate taxes are $105 monthly or $1,264.00 yearly. The landlord states the monthly expenses total $584.00, tenants pay for their own electricity. Water is included in the condo association fee. Monthly rental income is $1,450.00, net monthly income is $866.00, annual income is $10,392.00. Listed for sale at $79,000.00, owner states a 13% Cap Rate. Since the offices are occupied all showings must be scheduled in advance. The Waterford Professional Complex is very close to I-95 with easy access in both directions with ample parking. Three of the four offices are leased, the fourth office could be cleared out & leased, generating additional income or owner-occupied. This is a great investment potential.