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Listing 17 out of 315
$715,000 For Sale

2178 Barnum Avenue
Stratford, CT 06615

7 units | Multi Family Home
6098 sq ft lot - MLS# 170193963
Property Photo
1/16

Description

7 unit Investment Opportunity at an 8%+ CAP. Value Add Opportunity, Rent Upside Potential, Separate, Tenant Paid Utilities, and ATTRACTIVE OWNER FINANCING UP TO 85% LTV all makes this an excellent opportunity for both investors or owner occupants! 2 Adjacent Parcels on a corner lot totaling .31 acres. 2190 Barnum Ave is comprised of 2 single family homes, each with 3 beds, 1 bath, washer and dryer, and a covered front porch. One home was totally renovated 5 years ago, the other is in need of renovation. The second parcel, 2178 Barnum Ave, is on a corner lot and consists of (3) 2 bedrooms, (1) 1 Bedroom and (1) Studio. The studio and 1 bedroom unit have newer windows, boilers and appliances. The (3) 2 bedrooms each have washer and dryer hookups, vinyl replacement windows, and secure storage area for each unit in the basement. There is ample off street parking for the corner lot with a 1-car detached garage currently being used as storage by the owner.

Features

  • Property Type: Multi Family Home
  • Sub Type: 5 Family+
  • Listing Status: Active
  • County/Area: Fairfield County
  • Zip Code: 06615
  • Year Built: 1890
  • Elementary School: Per Board Of Ed
  • Middle School: Per Board Of Ed, Per Board Of Ed
  • High School: Per Board Of Ed
  • Sq.Ft.: 3,905 sq ft
  • Style: Units On Different Floors
  • Units: 7 units
  • Basement: Full, Unfinished
  • Garage: Detached Garage,On Street Parking,Off Street Parking, 1
  • Lot Size: 6098 sq ft lot
  • Waterfront: Not Applicable
  • Zoning: CA
  • Area: All Areas
  • Construction Description: Frame, Brick
  • Directions: Corner Of Barnum Avenue And Otis Street
  • Driveway Type: Private, Paved, Asphalt
  • Energy Features: Thermopane Windows
  • Exterior Siding: Shingle, Brick
  • Foundation Type: Concrete
  • Fuel Tank Location: Non Applicable
  • Gross Annual Expense: 32274
  • Gross Annual Income: 89490
  • Heat Fuel Type: Natural Gas
  • Heat Type: Hot Air, Hot Water
  • Hot Water Description: 30 Gallon Tank
  • Lot Description: Corner Lot, Level Lot
  • Mil Rate Base: 39.900
  • Mil Rate Total: 39.900
  • Net Operating Income: 57216
  • Roof Information: Asphalt Shingle
  • Sewage System: Public Sewer Connected
  • Sq Ft Est Heated Above Grade: 3905
  • Tax Year: July 2018-June 2019
  • Water Source: Public Water Connected
Courtesy of Broder Commercial, Llc

West Shore Realty, Inc.
Phone: (203)874-0523

Mike Tarantino
Owner/Broker
Cell: (203)627-7856
Email: mtarantino@westshorerealty.com

John Jaser
Agent
Cell: (203)605-5755
Email: jjaser@optonline.net

Kathy Czajkowski
Agent
Office: (203)874-0523 Ext 221
Email: ksullivan@westshorerealty.com

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Michael Tarantino  |  203-874-0523  |  Email Michael
West Shore Realty, Inc  |  844 East Broadway, Milford, CT 06460

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