Type: Private
Price: $2,199,000
Location: 19-21 Perry St, Stamford, CT
Bedrooms: 10
Bathrooms: 6
Condition: Used
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
and 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 and roof (2022), newer windows and hot water heaters (2021), many updated appliances. Location is ideal for renters, less than 1 mile from 95, downtown Stamford, hospital, train station and 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 basement Garage space Portfolio 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 and schedule your private showing today! See supplements for information specific to each house. For more details: /homes_stamford-d526917/for-sale_i66828858
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