34 Franklin Street, Westport, CT 06880

Exceptional location! This THREE UNIT complex is a great investment opportunity in one of Connecticut's most sought-after towns with it's award winning schools & many amenities such as Compo Beach and Longshore Golf Course. The first floor unit features 2 bedrooms and 1 bath, a good kitchen with newer cabinets. The second unit features 2 bedrooms and 1 bath with a nice kitchen/bathroom and a spacious attic. The commercial kitchen is a third revenue stream and was recently updated and is all up to code. Walk to all Saugatuck has to offer including great restaurants, the Saugatuck River and many water amenities. Approx. operating costs: Property Insurance $2400/yr., RE Taxes: $5,499/yr., Cold Water: $780.00/yr., Garbage removal: $900/yr., Misc Landscaping $1,200/yr., Sewer Usage fee: $736.00/yr. First floor rent is $1050.00, second floor rent is $1300 and commercial kitchen rent is $1000/month. These rents are well below market price. No leases in place so flexibility to renovate and bring rents closer to market level. Commercial kitchen is legal and up to code. New hood in place. Ghost kitchen opportunity here.