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Sold for $530,000 on 04/30/24
  • $530,000

    674 Iranistan Avenue, Bridgeport, CT 06605

    10beds
    5,424sqft
    Multi Family
    Built in 1917
    -- sqft lot
    $573,600 Zestimate®
    $98/sqft
    $2,316 Estimated rent
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    What's special

    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!

    Zillow last checked: 7 hours ago

    Listing updated: May 02, 2024 at 12:33pm

    Listed by:

    Bobby Toth,

    American Home Realty LLC

    Bought with:

    Bobby Toth, REB.0789717

    American Home Realty LLC

    Source: Smart MLS,MLS#: 170619796MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 10
    • Bathrooms: 4
    • Full bathrooms: 3
    • 1/2 bathrooms: 1
    Heating
    • Baseboard, Natural Gas
    Cooling
    • None
    Appliances
    • Included: Water Heater, Gas Water Heater
    Features
    • Basement: Full,Unfinished
    • Attic: None
    • Has fireplace: No
    Interior area
    • Total structure area: 5,424
    • Total interior livable area: 5,424 sqft
    • Finished area above ground: 5,424

    Property

    Parking
    • Total spaces: 3
    • Parking features: Detached, Paved, Off Street, Private, Asphalt
    • Garage spaces: 3
    • Has uncovered spaces: Yes
    Features
    • Patio & porch: Porch
    • Exterior features: Rain Gutters
    • Has view: Yes
    • View description: City
    • Waterfront features: Beach, Beach Access
    Lot
    • Size: 4,791 sqft
    • Features: Level
    Details
    • Parcel number: 18930
    • Zoning: RC

    Construction

    Type & style
    • Home type: MultiFamily
    • Architectural style: Units on different Floors,3updown - Unit(s) per Floor
    • Property subtype: Multi Family
    • Attached to another structure: Yes
    Materials
    • Vinyl Siding, Block
    • Foundation: Block
    • Roof: Asphalt
    Condition
    • New construction: No
    • Year built: 1917

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Near Public Transport, Health Club, Library, Medical Facilities, Park, Shopping/Mall
    Location
    • Region: Bridgeport
    • Subdivision: West End
    Services availability
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