Under Contract

19-21 Perry Street

Stamford CT, 06902

$2,199,000


$333.23 per sqft

Under Contract

13 Beds

6 Baths

6,599 sqft

Multi-family

Built in 1930

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.

170574431

MLS ID

June 2, 2023

Listed

February 28, 2024

Updated

Map

19-21 Perry Street
Stamford CT, 06902

Interior Features

Bedrooms

13 Beds


Bathrooms

6 Baths


Appliances

Gas Water Heater


Fireplace

No


Cooling

Yes


Cooling Description

Ceiling Fan(s), Window Unit(s)


Heating

Yes


Heating Description

Electric, Natural Gas, Baseboard, Hot Water

Exterior/Building Features

Lot Size

0.31 Acres


Lot Features

Level


Architectual Style

Units on different Floors, Units are Side-by-Side


Roof

Asphalt


Sewer

Public Sewer

School Information

High School

Westhill


Elementary School

Stillmeadow

Other Property Details

Area Name

West Side


Taxes

$20,350


Tax Frequency

Annually


Days on Market

270


Garage

Yes


Garage Spaces

2


Parking

Asphalt, Paved, Shared Driveway, Off Street


Parking Total

2


View

No


County

Fairfield


Water Source

Public


Pool

No


Waterfront

Yes


Zoning

RMF

Listing History

Date

Event

Price

2/21/2024

Under Contract

2/7/2024

Active

2/1/2024

Active

Listed by Tracy L. Giovanoni with Pinnacle R.E.& Management Srvc
Listing Contact: 2038428284 

The IDX display contains information sourced from the  Smart MLS, Inc as of 2/28/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

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Data last updated on 2/28/2024 at 6:39 PM UTC

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