52 Orchard St - Apartments FOR SALE


Stamford, CT 06902- West Side-Waterside-South End
$1,795,000 USD
203-486-9040
52 Orchard St, Stamford, CT for Sale
$1,795,000 USD
Apartments - FOR SALE
1/15
null | 7.44% Cap Rate


HIGHLIGHTS

  • Separate Utilities
  • Upside Potential
  • Transit Oriented Property
  • Strong Rental Market
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 52 Orchard Street in Stamford, Connecticut (the “Property”). The Property is improved by a three-story multi-family building consisting of six (6), 2-Bedroom/1- Bathroom units with 5,900 square feet of living area in 9,074 square feet of gross area on a 0.13-acre parcel. The Property is separately metered for electricity and gas fired heat and hot water which the tenants pay directly. The landlord is responsible for common area electric and domestic water and sewer. 52 Orchard Street is located on a residential side-street made up of single and multi-family homes just south of Downtown Stamford. The Property is seconds from Interstate 95, US Route 1, and Washington Boulevard, which provide convenient access throughout Fairfield County and southern Connecticut. The location offers convenient access to area shopping, with numerous retailers, restaurants and entertainment amenities within walking distance. The Property is walkable to several municipal bus stops and the Stamford Train Station, offering service on the Metro-North Line from New York City, as well as Amtrak lines that provide regional service throughout the Northeast.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$198 USD /SF

# OF UNITS

6

PRICE/UNIT

$299,167

CAP RATE

7.44%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,663 SF

ZONING

-

APN/PARCEL ID

STAM-000002-000000-000465

ASK ABOUT THIS PROPERTY

Stavros FilippidisHorvath & TremblayMore Info
203-486-9040

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Stavros FilippidisHorvath & TremblayMore Info
203-486-9040

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