Skip To Content

674 Iranistan Avenue

Bridgeport, CT 06605
  • $520,000
  • STATUS: Active Under Contract
  • ON SITE: 29 Days
  • MLS #: 170619796
Under Contract
UPDATED: 26 min ago
$520,000
  • 10
    BEDS
  • 0.11
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1917
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

MUST SEE! Great Income-Generating Investment Opportunity! Discover the potential of this exceptional property which comprises two substantial buildings on a double lot (single parcel)—a spacious three-family residence with 5,016 total SF including 3,632 above grade and a detached commercial storefront with a three-car garage totaling 1,792 SF above grade. The three-family building underwent total reconstruction in 2009, featuring new windows, roof, and interior fixtures. Recent upgrades include the installation of 2 new hot water heaters. The commercial store has gone through complete reconstruction and renovation including, roof, electric (220V). Permits available and recorded at Bridgeport building department. Three Family Building Layout: First and Third Floor: Three bedrooms and one bath each Second Floor: Four bedrooms and one bath This property offers a diverse set of rental spaces, contributing to its impressive income potential. The current rent roll is as follows: 1st Floor: $1500/month - Vacant as of February 1st, 2024 2nd Floor: $1600/month - Rented 3rd Floor: $1400/month - Rented Three Garages: $450/month - Vacant Commercial Storefront: $1,350/month - Rented The total gross market monthly rent is an impressive $6,300, making this investment a substantial income generator. With an 80% Loan-to-Value loan, this property offers an exceptional cash-on-cash return of 35% or more. Act now to capitalize on this substantial cash cow investment!

Monthly Payment Calculator



The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-02-21T07:11:07.62.
www.thecthomefinder.com/homes/146832935
Print Image

674 Iranistan Avenue Bridgeport, CT 06605

  • Price: $520,000
  • Status: Active Under Contract
  • On Site: 29 Days
  • Updated: 26 min ago
  • MLS #: 170619796
10
Beds
3
Baths
1
½ Baths
0.11
Acres
1917
Built
Neighborhood:
West End
County:
Fairfield
Area:
Bridgeport
Elementary School:
per board of ed
Middle School:
per board of ed
High School:
per board of ed
Property Description
MUST SEE! Great Income-Generating Investment Opportunity! Discover the potential of this exceptional property which comprises two substantial buildings on a double lot (single parcel)—a spacious three-family residence with 5,016 total SF including 3,632 above grade and a detached commercial storefront with a three-car garage totaling 1,792 SF above grade. The three-family building underwent total reconstruction in 2009, featuring new windows, roof, and interior fixtures. Recent upgrades include the installation of 2 new hot water heaters. The commercial store has gone through complete reconstruction and renovation including, roof, electric (220V). Permits available and recorded at Bridgeport building department. Three Family Building Layout: First and Third Floor: Three bedrooms and one bath each Second Floor: Four bedrooms and one bath This property offers a diverse set of rental spaces, contributing to its impressive income potential. The current rent roll is as follows: 1st Floor: $1500/month - Vacant as of February 1st, 2024 2nd Floor: $1600/month - Rented 3rd Floor: $1400/month - Rented Three Garages: $450/month - Vacant Commercial Storefront: $1,350/month - Rented The total gross market monthly rent is an impressive $6,300, making this investment a substantial income generator. With an 80% Loan-to-Value loan, this property offers an exceptional cash-on-cash return of 35% or more. Act now to capitalize on this substantial cash cow investment!
Exterior Features

Direct Waterfront YN No Driveway Type PrivatePavedAsphalt Exterior Features GuttersPorch Exterior Siding Vinyl SidingCement Block Garage And Parking Detached GaragePavedOff Street Parking Lot Description City ViewsLevel Lot Nearby Amenities Commuter BusHealth ClubLibraryMedical FacilitiesParkPublic TransportationShopping/MallWalk to Bus Lines Roof Information Asphalt Shingle Style Units on different Floors3updown - Unit(s) per Floor Swimming Pool YN No Waterfront Description BeachBeach Rights

Interior Features

Attic YN No Basement Description FullFull With HatchwayUnfinished Cooling System None Fireplaces Total 0 Heat Type Baseboard Sq Ft Est Heated Above Grade 5424 Sq Ft Total 5424 Total Rooms 26 Total Rooms Multi Family 26

Property Features

Agent Owner YN No Bank Owned Property No Exclusions As Is Financing Used Cash Foundation Type Block Fuel Tank Location Non Applicable Heat Fuel Type Natural Gas Home Owners Assocation No Home Warranty Offered YN No Hot Water Description 40 Gallon TankNatural Gas Intermediate School Per Board of Ed New Construction Type No/Resale Potential Short Sale No Property Sub Type 3 Family Sewage System Public Sewer Connected Total Number Of Units 4 Under Agreement Yn No Water Source Public Water Connected Zoning RC

Listing information © 2024 Smart MLS
Listing provided courtesy of Bobby Toth of American Home Realty LLC: (203) 927-2214.


The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2024 SmartMLS, Inc. Data last updated: 2024-02-21T07:11:07.62.
 
https://bt-photos.global.ssl.fastly.net/ctmls/orig_boomver_1_170619796-1.jpg https://bt-photos.global.ssl.fastly.net/ctmls/orig_boomver_1_170619796-1.jpg https://bt-photos.global.ssl.fastly.net/ctmls/orig_boomver_1_170619796-1.jpg
Logo
The Higgins Group - The CT Home Finder
1499 Post Road
Fairfield CT, 06880