14 Fleetwood Park

Description

Don't miss this pride-of-ownership 3-family on one of Bethel's quietest streets - same owner, 40 years, and it shows. Two sun-filled 2BR upper units with hardwood floors, walk-in pantry kitchens, and private decks, plus a freshly renovated 1BR lower unit with modern finishes throughout. Generating $89,700/year in gross rent with real room to grow thanks to Bethel's rising median rent growth and Fairfield County's continuously low vacancy for multifamily units. Unit B's lease expires 3/31, giving a new owner immediate flexibility: move into one unit and let the other two cover your mortgage, or re-lease at today's market rent. Recent capital improvements include newer roof, replacement windows, updated siding - mean you're buying income, not a project. Each unit has its own washer/dryer hookup and locked storage. Ample off-street parking for 6+ cars. Steps to downtown Bethel's restaurants, cafes, and community events. Verified 3-family by Town P&Z. Financial summary with pro-forma projections available in attachments and upon request. THE UNITS: Apt A (Upper): Bright 2BR/1BA with an oversized living room featuring recessed lighting, gleaming hardwood floors, eat-in kitchen with walk-in pantry, private wooden deck perfect for morning coffee or summer cookouts, and two separate entrances. Apt B (Upper): Spacious 2BR/1BA with ceiling fans and overhead lighting in both bedrooms, beautiful hardwood floors, walk-in pantry kitchen, and a generous family room that opens onto its own private deck. Lease expires 3/31/2026 - the next owner can step right in and either set up as owner-occupant or re-lease at market rent. Apt C (Lower) - Completely renovated 1BR/1BA with an open-concept layout, crisp white shaker cabinetry, marble-look countertops, luxury vinyl plank flooring, and recessed LED lighting. Move-in ready and stylish. THE BUILDING: Built in 1961 as a two-family; third unit added and formally verified as a pre-existing, non-conforming three-family by Bethel's Planning & Zoning Department. Stone and vinyl siding exterior on a generous 0.43-acre lot. Large rear gravel parking area fits 6+ vehicles easily. Manicured front and back yards. Hot water baseboard heat (oil). Each unit has its own washer/dryer hookup in basement and a dedicated locked storage room. THE NEIGHBORHOOD: Fleetwood Park is a quiet backroad in the Grassy Plains neighborhood with zero through traffic - the kind of block where neighbors know each other. It's a quick walk to downtown Bethel's charming Greenwood Avenue, lined with restaurants like Note Kitchen & Bar, La Zingara, and Edison Kitchen, plus Broken Symmetry Gastro Brewery, Dr. Mike's Ice Cream, Bethel Cinema, and three independent bookstores. Seasonal events like SummerFest and the farmers' market add to the small-town appeal. Routes 302, 53, and I-84 are minutes away for easy commutes to Danbury, Stamford, and beyond. FINANCIALS: Detailed income & expense summary with pro-forma projections provided as a listing attachment.