Riverside Townhouses

Multi-Family for Sale
Catylist Listing ID: 30678743
Property Subtypes: Duplex/Fourplex
Number of Units: 4 Units
Building Size (RSF): 14,000 SF
Gross Building Area: See Agent
Gross Land Area: 0.54 Acres
Sale Price: $5,965,000
Unit Price: $1,491,250 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: Undisclosed
Last Updated: 7/25/2021

Overview / Comments

Academic co-Realty Services is proud to represent a cluster of four new luxury townhouses at 8 Sound Beach Avenue Extension in the Riverside neighborhood of Greenwich, Connecticut. The fully leased townhouses are available for $5.965M, at a capitalization rate of 6.0% on a pro forma basis. The large townhouses are 3,500 square feet each, featuring 4 bedrooms, large bonus room, 4.5 baths, central heat and air, two car garages, and backyards with privacy walls. The square footage includes a finished basement with full bath. Located in the heart of Riverside, the townhouses are in walking distance to Walgreens, Edge Fitness, Staples, and the shops at Riverside Commons, including Starbucks, Chipotle, CVS, US Post Office, and Acme Markets. Easy access to I-95, the Downtowns of Greenwich and Stamford via Route 1, and Old Greenwich via Sound Beach Ave, all just minutes away.

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
County: Fairfield
Tax ID/APN: 12-1662/S
Zoning: R-6
Percent Occupied: 100%
Highway Access: Interstate 95, Exit 5
Total Number of Buildings: 2
Property Condition: Excellent
Number of Stories: 3
Year Built: 2019
Roof Type: Gable
Construction/Siding: Stone, Wood Shingle
Parking Description: 2 car garage per unit and one exterior space.
Total Parking Spaces: 8
Heat Type: Natural Gas
Heat Source: Central
Fuel: Gas
Internet Access: Cable
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 19,224 112,963 199,898
Median Age: 38.18 38.07 38.4
Households: 6,866 43,979 74,806

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