$ 1,390,000
600 Silver Lane Stratford, CT 06614
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$ 1,390,000
Est. payment /mo
Price Dropped by $100K
600 Silver Lane Stratford, CT 06614
33 Beds
22 Baths
2,100 SqFt
UPDATED:
09/14/2024 01:39 AM
Key Details
Property Type Multi-Family
Sub Type 5 Family+
Listing Status Active
Purchase Type For Sale
Square Footage 2,100 sqft
Price per Sqft $661
MLS Listing ID 24032962
Style Other
Bedrooms 33
Full Baths 22
Year Built 1967
Annual Tax Amount $28,540
Lot Size 2.200 Acres
Property Description
Calling all developers and investors, if you're looking for a nice safe investment in a mid-size project this is it! Previously marketed with just the 9 condos lots, seller is now willing to take offers on the entire development. The one existing finished house is not available. What you get are the rights to construct 9 brand new detached single-family condominiums. Each unit is 3 bedrooms, 2.5 baths and features vaulted ceilings, attached two car garage and a full basement. In addition, the 6-unit apartment building is now for sale as well. This building was the original church on the property. The building needs to be remodeled on the interior and some additional work to the exterior, but the bones are very solid, and conversion will be a very quick process compared to a new build. You can build and sell the condominiums, re-coup your capital and keep the 6-unit apartment building or build and keep the whole 15-unit project with great monthly cash flow. Come take advantage of this rare investment opportunity today.
Location
State CT
County Fairfield
Zoning C-8
Rooms
Basement Full
Interior
Heating Hot Air
Cooling Central Air
Exterior
Garage None
Waterfront Description Beach Rights
Roof Type Shingle
Building
Lot Description Lightly Wooded
Foundation Concrete
Sewer Public Sewer Connected, Public Sewer In Street
Water Public Water Connected, Public Water In Street
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
Listed by Stephen Shapiro • Davis Owen Real Estate