674 Iranistan Avenue
Bridgeport,
CT
06605
Property Details
List Price: |
$520,000 |
Beds: |
10 |
Baths: |
4 |
Status: |
Pending |
SqFt: |
5424 |
Agency: |
AMERICAN HOME REALTY, LLC |
Description/Comments
Lot Size: |
-- |
Property Type: |
MultiFamily |
Year Built: |
1917 |
Notes: |
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! |
MlsNumber: |
170619796 |
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Listing Provided By: |
AMERICAN HOME REALTY, LLC, original listing |
Name: |
AMERICAN HOME REALTY, LLC |
Phone: |
(203) 927-2214 |
Office Name: |
American Home Realty LLC |
Office Phone: |
(203) 927-2214 |
Agent Name: |
Bobby Toth |
Disclaimer: |
Copyright © 2024 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |