$1,199,000
Active Under Contract
19 Days Online
4 Beds3 Baths700 SQFT
Active Under Contract

8 Sheephill Road Greenwich, CT 06878

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HIGHEST AND BEST BY 4/23/24 AT 5 pm. Welcome to a truly rare find - a unique 2-family home offering 4 separate incomes! This exceptional property presents a lucrative investment or owner occupant opportunity in a prime location, boasting not only two well-maintained residential units but also an additional building currently housing a successful restaurant, along with a detached 2-car garage that is already rented out for $400/mo. Each 2 bed 1 bath residential unit within the main house is currently occupied by excellent tenants and has been impeccably maintained, ensuring a steady stream of rental income. The additional building, currently home to a successful restaurant, adds an exciting dimension to this investment, providing a diverse income stream to the astute buyer. This property also offers ample room for increasing rental income, making it an enticing prospect for those seeking to maximize their return on investment. Conveniently set in a prime location, you'll have easy access to essential amenities, schools, shopping, and more. Additionally, there may be a possibility to build another structure in place of the restaurant and garage. Buyer to do their own due diligence with zoning. Whether you are an experienced investor, developer, or owner-occupant looking to offset monthly payments with rental income, this property presents an exceptional opportunity to achieve your financial goals., Current rent role is $6, 500/mo. Recent rental activity would justify total rents of $8, 000+/mo. Yearly expenses average $23, 000. The garage is currently rented for $400/month. 1st floor lease expires September 30 2024. 2nd floor lease expires July 31 2024. Restaurant and garage are month to month.

  • Property TypeMulti-Family
  • NeighborhoodRiverside
  • CountyFairfield
  • Taxes$8,977
  • HOA/Condo/Coop Fees$0
  • Days on Site19 Days
  • MLS StatusActive Under Contract
  • MLS ID Number24009699
  • Home Size Source Public Records
  • Year Built1925
  • Lot Size0.21 Acres
  • Full Baths2
  • Partial Baths1

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General Features

  • Style Units on different Floors
  • Parking Detached GarageOn Street ParkingOff Street ParkingDriveway
  • Parking Spaces 6
  • Sewer Public Sewer
  • Basement FullUnfinished
  • Acreage 0.21
  • Water Public
  • Property Sub Type Duplex
  • Garage Spaces 2
  • Attached Garage No
  • Foundation Concrete Perimeter
  • Zoning R-7

Interior Features

  • Cooling Window Unit
  • Heating Natural GasHot Water
  • Fireplaces 0
  • Laundry Features All Units Have Hook- Ups

Exterior Features

  • Roof Asphalt
  • Spa No
  • Waterfront Property No
  • Waterfront Features Not Applicable
  • Exterior PorchGuttersGarden AreaLighting
  • Lot Corner Lot
  • Patio And Porch Porch

Schools

School District
Unknown
Elementary School
Per Board of Ed
Middle School
Unknown
High School
Greenwich

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Monthly Payment (Est.)

$6,524
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