Description
Exciting Investment Property with Strong Cashflow, perfect for astute investors with upside potential and value add opportunities!The portfolio of two side-by-side houses, available for the first time in almost 20 years, is comprised of 7 units plus a garage. The fully leased property boasts an exceptional track record of consistent, proven & predictable cashflow. Most tenants are on month-to-month leases, allowing flexibility for new ownership to implement value-add changes. Recently updated units have achieved market rents; remaining units have long term tenants and present opportunity for improvements/ higher rents. Both have newer siding & roof (2022), newer windows & hot water heaters (2021), many updated appliances.Location is ideal for renters, less than 1 mile from 95, downtown Stamford, hospital, train station & public transp. Plentiful off-street parking with 13 spaces on freshly sealed and striped driveway. Green space in front and back adds strong curb appeal. Annual gross income $201k, op ex $49k, NOI $148k, cap rate 7%. More info in supplements. 19 Perry St: 4 x 2BR/ 1BA units + finished walkout basement21 Perry St: 1 x 3BR/ 1BA unit, 1 x 2BR/ 1BA unit, 1 x 1BR/ 1BA unit + finished walkout basementGarage spacePortfolio is offered at $2,199,000, with an attractive assumable loan at 4.91% interest rate.Don't miss your chance to own this remarkable investment property with tremendous potential. Act fast & schedule your private showing today! See supplements for information specific to each house.
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13BEDS
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0.31ACRES
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6BATHS
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01/2 BATHS
School Information
Description
Exciting Investment Property with Strong Cashflow, perfect for astute investors with upside potential and value add opportunities!The portfolio of two side-by-side houses, available for the first time in almost 20 years, is comprised of 7 units plus a garage. The fully leased property boasts an exceptional track record of consistent, proven & predictable cashflow. Most tenants are on month-to-month leases, allowing flexibility for new ownership to implement value-add changes. Recently updated units have achieved market rents; remaining units have long term tenants and present opportunity for improvements/ higher rents. Both have newer siding & roof (2022), newer windows & hot water heaters (2021), many updated appliances.Location is ideal for renters, less than 1 mile from 95, downtown Stamford, hospital, train station & public transp. Plentiful off-street parking with 13 spaces on freshly sealed and striped driveway. Green space in front and back adds strong curb appeal. Annual gross income $201k, op ex $49k, NOI $148k, cap rate 7%. More info in supplements. 19 Perry St: 4 x 2BR/ 1BA units + finished walkout basement21 Perry St: 1 x 3BR/ 1BA unit, 1 x 2BR/ 1BA unit, 1 x 1BR/ 1BA unit + finished walkout basementGarage spacePortfolio is offered at $2,199,000, with an attractive assumable loan at 4.91% interest rate.Don't miss your chance to own this remarkable investment property with tremendous potential. Act fast & schedule your private showing today! See supplements for information specific to each house.
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