Bridgeport, CT 06605,674 Iranistan Avenue
$530,000
Est. payment /mo
$520,000
1.9%
Est.Price: ?

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10 Beds
4 Baths
5,424 SqFt
SOLD DATE : 04/30/2024

Key Details

Sold Price $530,000

Property Type Multi-Family

Sub Type 3 Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,424 sqft

Price per Sqft $97

MLS Listing ID 170619796

Sold Date 04/30/24

Style Units on different Floors,3updown - Unit(s) per Floor

Bedrooms 10

Full Baths 3

Half Baths 1

Year Built 1917

Annual Tax Amount $8,601

Lot Size 4,791 Sqft

Property Sub-Type 3 Family

Property Description

MUST SEE! Great Income-Generating Investment Opportunity! Discover the potential of this exceptional property which comprises two substantial buildings on a double lot (single parcel)—a spacious three-family residence with 5,016 total SF including 3,632 above grade and a detached commercial storefront with a three-car garage totaling 1,792 SF above grade. The three-family building underwent total reconstruction in 2009, featuring new windows, roof, and interior fixtures. Recent upgrades include the installation of 2 new hot water heaters. The commercial store has gone through complete reconstruction and renovation including, roof, electric (220V). Permits available and recorded at Bridgeport building department. Three Family Building Layout: First and Third Floor: Three bedrooms and one bath each Second Floor: Four bedrooms and one bath This property offers a diverse set of rental spaces, contributing to its impressive income potential. The current rent roll is as follows: 1st Floor: $1500/month - Vacant as of February 1st, 2024 2nd Floor: $1600/month - Rented 3rd Floor: $1400/month - Rented Three Garages: $450/month - Vacant Commercial Storefront: $1,350/month - Rented The total gross market monthly rent is an impressive $6,300, making this investment a substantial income generator. With an 80% Loan-to-Value loan, this property offers an exceptional cash-on-cash return of 35% or more. Act now to capitalize on this substantial cash cow investment!

Location

State CT

County Fairfield

Zoning RC

Rooms

Basement Full, Full With Hatchway, Unfinished

Interior

Heating Baseboard

Cooling None

Exterior

Exterior Feature Gutters, Porch

Parking Features Detached Garage, Paved, Off Street Parking

Garage Spaces 3.0

Waterfront Description Beach,Beach Rights

Roof Type Asphalt Shingle

Building

Lot Description City Views, Level Lot

Foundation Block

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

Middle Schools Per Board Of Ed

High Schools Per Board Of Ed

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Listed by Bobby Toth • American Home Realty LLC
Bought with Bobby Toth • American Home Realty LLC

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agent

Dawn Cabral

Owner/Broker

+1(203) 228-7564

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