2178-2190 Barnum Avenue

Stratford, CT 06615

Sale Price:

$715,000

Exterior 2178 Barnum Ave
Exterior 2178 Barnum Ave

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2190 Barnum Ave
2190 Barnum Ave

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Exterior 2178 Barnum Ave
Exterior 2178 Barnum Ave

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1/2

price

$715,000

square feet

5,627

cap rate

8%

occupancy

100%

units

7

buildings

3

noi

$57,466

built

1890

description:

7 unit Investment Opportunity at an 8%+ CAP. Value Add Opportunity, Rent Upside Potential, Separate and Tenant Paid Utilities.

Attractive Owner Financing makes this an excellent opportunity for both investment or owner occupied purposes!

 

2 Adjacent Parcels on a corner lot totaling 0.31 acres. Neighboring 2190 Barnum Ave is comprised of 2 single family homes, each with 3 beds and 1 bath.

 

Each of the 3 bedroom homes each have individual driveways, their own washer and dryer, and a covered front porch. One home was totally rehabbed one year ago, the other is in need  of renovations. The corner parcel, 2178 Barnum Ave, consists of (3) 2 bedrooms, (1) 1 Bedroom and (1) Studio. The 1 bed unit has newer windows, boiler and appliances. The 3 story building with (3) 2 bedrooms each have washer and dryer hookups and vinyl replacement windows. There is ample off street parking for the corner lot with a 1-car detached garage currently being used as storage.

 

Please Call Tyler Egner (860)-389-4223 to Schedule a Showing!