- $480K med. price
- 10 homes for sale
Rare legal 5 family opportunity in trendy West Ave revitalized location. Two homes on one lot. #38 Merwin has two 1 bedroom units and #36 has three 2 bedroom units. All units totally renovated from A to Z in turn key condition. Fully leased with long term tenants. Nicely landscaped attractive corner lot. Separate utilities & central air plus washer and dryers facilities. Extremely low maintenance. Walk to everything, all major routes, trendy restaurants, newly opened palace theater. Pro forma capitalized at 6.5% return. Pro Forma Net Operating income - $73,203 Current Total monthly income: $7,420 / Current Total gross Income per year: $89,040 Actual Net Operating Income: $68,343 Total Expenses: per year $20,697
Boating, art, and the hip lifestyle
| Status | Closed |
|---|---|
| Listing date | May 11, 2017 |
| Closed date | March 19, 2018 |
| Days on market | 312 days |
| List price | $ 925,000 |
| Close price | $ 862,500 |
| Sale-to-list ratio | 93% |
| Tax amount | $ 9,747 |
| Tax year | july 2017-june 2018 |
| MLS ID | #99185526 |
Because we love Fairfield County!
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