Active
520 Success Avenue
Stratford CT, 06610
$1,650,000
$219.88 per sqft
Active
2 Beds
2 Baths
7,504 sqft
Multi-family
Built in 1959
Current 6000+/- square foot commercial building with two residential additions and approvals for 38 total apartment units. 32 of the apartments are in Stratford with the remaining 6 in Bridgeport. Property will convey as-is at this price and it is the responsibility of the new party to finish the remaining additions and upfit to the current building. Convenient location on bus line and close to all major transportation, including two train stations and all highways/parkways. 2 units are built and complete and 18 are partially built. There is a lease on the current commercial space at $2,000 per month, which includes the garage bays, this is for another 5 years and has 3 5-year extension options. 9 residential units are approved to eventually replace the commercial space. Please reach out for an interior tour after having done a drive by, provided financials and all diligence. This is a great investment opportunity and a great price for a wonderful 38-unit apartment building in desirable Fairfield County.
24046832
MLSⓇ ID
September 14, 2024
Listed
October 14, 2024
Updated
Map
520 Success Avenue
Stratford CT, 06610
Interior Features
Bedrooms
2
Total Bathrooms
2
Full Bathrooms
2
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Natural Gas, Forced Air
Exterior/Building Features
Lot Size
0.64 Acres
Lot Features
Level
Architectual Style
Units on different Floors
Roof
Asphalt
Sewer
Public Sewer
School Information
High School
Per Board of Ed
Elementary School
Per Board of Ed
Other Property Details
Area Name
N/A
Taxes
$11,819
Tax Frequency
Annually
Days on Market
30
Garage
No
Parking
None
View
No
County
Fairfield
Water Source
Public
Pool
No
Zoning
RM-1
Listed by Stephen Shapiro with Davis Owen Real Estate
Listing Contact: 2036101545
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Data last updated on 10/14/2024 at 9:20 PM UTC