Sold
21-81 Ridgeland Rd
Wallingford CT, 06492
$1,450,000
$114.43 per sqft
Sold
32 Beds
12,672 sqft
Multi-family
Built in 1952
** INVESTORS TAKE NOTICE ** You are buying a portfolio of 4 buildings with a total of 16 units. i.e. 21, 41, 61, and 81 Ridgeland Rd. All 16 units are currently rented. (The property is being sold as a package; so, please don't ask if the owner will sell them separately). Each building has 4 units. Each unit is a townhouse style design. Each unit has a separate entrance, a kitchen, a living room, 2 bedrooms, a full bathroom, and a full basement. Each unit is heated by oil hot water baseboard; further, each unit has it's own oil fired boiler and oil tank. Each unit also has its own electric meter. There is 1 water meter per building. The cost of the water is apportioned equally among the tenants who live in each building. In essence, the tenants pay their own oil, electric, and water. All 4 properties are located in a long established PUD; however, there is no monthly HOA fee. The development is located in a quiet suburban location that's close to highways, shopping, and schools. With a little effort on cosmetics, you could achieve over a 10% CAP rate.
170420710
MLSⓇ ID
February 15, 2024
Updated
Map
21-81 Ridgeland Rd
Wallingford CT, 06492
Interior Features
Bedrooms
32
Full Bathrooms
16
Appliances
Electric Water Heater
Fireplace
No
Cooling
No
Cooling Description
None
Heating
Yes
Heating Description
Oil, Hot Water
Exterior/Building Features
Lot Size
2.36 Acres
Architectual Style
Other
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
$20,372
Tax Frequency
Annually
Days on Market
62
Garage
No
Parking
Paved, On Street
View
No
County
New Haven
Water Source
Public
Pool
No
Zoning
R-18
Listed by Kevin Danby with Clermont Real Estate
Listing Contact: 2032131122
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Data last updated on 2/15/2024 at 11:54 PM UTC