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!
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
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#: 170619796

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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