19-21 Perry Street Stamford, CT 06902
Back on Market! 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 basement Garage space. Portfolio is offered at $2, 199, 000. 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. Back on market after buyer failed to perform.
- Property TypeMulti-Family
- NeighborhoodWest Side
- CountyFairfield
- Taxes$20,350
- HOA/Condo/Coop Fees$0
- Days on Site350 Days
- MLS StatusActive Under Contract
- MLS ID Number170574431
- Home Size Source N/A
- Year Built1930
- Lot Size0.31 Acres
- Full Baths6
- Partial BathsN/A
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General Features
- Style Units on different FloorsUnits are Side-by- Side
- Construction Vinyl Siding
- Parking Detached GarageDrivewayOff Street Parking
- Sewer Public Sewer
- Basement FullFull With Walk- OutFully FinishedHeatedWalk-out
- Acreage 0.31
- Water Public
- Property Sub Type Multi Family
- Garage Spaces 2
- Attached Garage No
- Foundation Concrete Perimeter
- Zoning RMF
Interior Features
- Cooling Ceiling FansWindow Unit
- Heating ElectricNatural GasBaseboardHot Water
- Fireplaces 0
- Laundry Features Washer/ Dryer Some Units
Exterior Features
- Roof Asphalt
- Spa No
- Waterfront Property No
- Waterfront Features Beach Rights
- Exterior GuttersPorchPorch- Enclosed
- Lot Level Lot
- Patio And Porch PorchPorch- Enclosed
Community Features
- Community Features Basketball CourtGolf CourseMedical FacilitiesParkPlayground/ Tot LotWalk to Bus Lines