List Price

$520,000

Status

Deposit

Type

Multi-Family

Beds

10

Baths

3

Sq. Ft.

5,424

Built

1917

Acres

0.11

$ / Sq. Ft.

$96

FeeKeeper

64

Style

Units on different Floors, 3updown - Unit(s) per Floor

Taxes

$8,601

Nearby Schools
Neighborhood
Tranquility
Market Insights
Property History

MUST SEE! Great Income-Generating Investment Opportunity! Discover the potential of this exceptional property which comprises two substantial buildings on a double lot (single parcel)a spacious three-family residence with 5,016 total SF including 3,632 above grade and a detached commercial storefront with a three-car garage totaling 1,792 SF above grade. The three-family building underwent total reconstruction in 2009, featuring new windows, roof, and interior fixtures. Recent upgrades include the installation of 2 new hot water heaters. The commercial store has gone through complete reconstruction and renovation including, roof, electric (220V). Permits available and recorded at Bridgeport building department. Three Family Building Layout: First and Third Floor: Three bedrooms and one bath each Second Floor: Four bedrooms and one bath This property offers a diverse set of rental spaces, contributing to its impressive income potential. The current rent roll is as follows: 1st Floor: $1500/month - Vacant as of February 1st, 2024 2nd Floor: $1600/month - Rented 3rd Floor: $1400/month - Rented Three Garages: $450/month - Vacant Commercial Storefront: $1,350/month - Rented The total gross market monthly rent is an impressive $6,300, making this investment a substantial income generator. With an 80% Loan-to-Value loan, this property offers an exceptional cash-on-cash return of 35% or more. Act now to capitalize on this substantial cash cow investment!

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Estimated rebate calculated using List Price and co-broker commission offered on the MLS. Realtor commission rebates are not available where prohibited by law. See full Terms and Conditions .

$15,600

$520,000 • 3.00%

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Questions

FeeKeeper is here to help, reach out with any questions you may have.

(860) 310-1255

Brokered By

Bobby Toth, American Home Realty LLC

  • Last Checked 1 Minute
  • Last MLS Update 26 Days

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