265 Greenwich Ave - Apartments FOR SALE


Stamford, CT 06902- West Side-Waterside-South End
$2,300,000 USD
917-946-5425
265 Greenwich Ave, Stamford, CT for Sale
$2,300,000 USD
Apartments - FOR SALE
1/16
null | 7.99% Cap Rate

265 Greenwich Ave
Stamford, CT 06902
West Side-Waterside-South End


HIGHLIGHTS

  • 6-unit asset in Stamford’s Waterside neighborhood, minutes to Metro-North & Amtrak
  • 13 off-street parking spaces and tenant-paid heat/hot water
  • Value-add potential to increase rents and additional income further

OVERVIEW

National Multifamily is pleased to present 265 Greenwich Avenue, a 6-unit multifamily property located in the Waterside neighborhood of Stamford, CT. The property is approximately 0.5 miles from the Stamford Train Station, a major regional transit hub served by Metro-North, Amtrak, and extensive bus service. The building contains 5,760 rentable square feet across three stories and was built in 1919. It is situated on a 0.18-acre lot with 13 off-street parking spaces located on the rear. The property is comprised of six residential units, three of which are currently rented to Section 8, providing steady rental income. Tenants pay for heat and hot water through individual gas boilers and hot water heaters. The property offers straightforward value-add potential, including the opportunity to generate additional income by charging for parking and the potential to add coin-op laundry in the basement.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$399 USD /SF

# OF UNITS

6

PRICE/UNIT

$383,333

CAP RATE

7.99%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1919

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,841 SF

ZONING

Commercial

APN/PARCEL ID

STAM-000001-000000-002783

ASK ABOUT THIS PROPERTY

Matt CawleyNational MultifamilyMore Info
917-946-5425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Matt CawleyNational MultifamilyMore Info
917-946-5425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.