Rooming House for Sale

Multi-Family for Sale
Catylist Listing ID: 30374698
Number of Units: 15 Units
Building Size (RSF): 3,848 SF
Gross Building Area: 6,415 SF
Gross Land Area: 0.16 Acres
Sale Price: $419,000
Unit Price: $27,933.33 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 19.0%
Last Updated: 3/15/2019

Overview / Comments

Fully leased rooming house with 12 separate rooms with sink and refrigerator (rare for a rooming house), plus 3 efficiency apartments. Updates include a newer roof (50 yr), furnace, plumbing and sewer line. Great Investment opportunity with a 19% CAP rate.

Additional Details

Nearest MSA: Bridgeport-Stamford-Norwalk
County: Fairfield
Tax ID/APN: 1647-8A
Zoning: RC
Percent Occupied: 100%
Property Located Between: Barnum Ave and Maple Street
Highway Access: I-95 and Rte 8/25 Connector
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 2
Year Built: 1887
Year Renovated: 2010
Roof Type: Gable
Construction/Siding: Brick
Exterior Description: Beautiful old Victorian rooming house meticulously kept by current owner.
Parking Description: On street
Laundry: Laundromat Nearby
Sprinklers: None
Heat Type: Steam
Fuel: Oil
Internet Access: Cable
Interior Description: 15 room licensed rooming house has been meticulously owned and maintained for over 40 years by current owner. There are 3 efficiency apartments with kitchens and private bathrooms and 12 separate rooms with full size refrigerators and sinks in each room. There is 1 full kitchen for tenants use and 2 full bathrooms that are shared (One on each floor). All doors are solid wood core with steel commercial door jams. Roof replaced in 2010 (50 Yr roof), Furnace 12 years old, new oil tank in 2016 and all plumbing updated and sewer line replaced less than 20 years ago. Fully rented, several long term tenants. This rooming house is IMMACULATE. Fantastic income with this investment. 19% CAP.
Zoning Description: RC
Water Service: Municipal
Sewer Type: Municipal

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Demographic Statistics

Proximity: 1 mile 3 miles 5 miles
Total Population: 42,942 199,913 282,360
Median Age: 30.84 34.9 37.25
Households: 14,742 72,593 102,055

Contact

Photograph of Listing Agent

Kenneth Ginsberg

RLWD Commercial
CTCList Member
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