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Nearby Schools
MckinleyElementary School
TomlinsonMiddle School
Fairfield WardeHigh School
Description
Two family in Fairfield. Conveniently located by public transportation, as well as all the shops, restaurants and more that Black Rock Turnpike has to offer. Two one bedroom units. Each unit has space on both the main floor and the lower level. The lower level is technically a basement, but both units' lower level space are walk outs with an entry/exit door on the lower level, in addition to one on the upper/main level. The front unit is primarily on the upper level/main floor. It offers an enclosed porch, spacious kitchen, bedroom and living room, all with hardwood floors. Bathroom with tiled floor, granite countertop and tub shower. Laundry room and large storage room in lower level. The back unit is split evenly between the main level and the lower level. It offers a kitchen, living room, Office, bedroom and full bathroom. It also has a storage room/laundry room on the lower level. A 420 square foot garage is rented for an additional $250 per month. The garage lease expires at the end of this month. Front unit in yearly lease. Back unit in month to month lease. In total, $40,800 a year in gross income. Expenses are minimal. Current owner renovated both units in 2018. Insurance, maintenance and repairs cost roughly $2,600 per year. 8.5% Cap Rate based off the ask price not including taxes. Neither unit has had a single vacant day since it was first rented in 2018. There is a massive demand for lower priced 1 bedroom rentals in Fairfield. Great opportunity for investors.
Location
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Listing Agent: Anthony Gigliotti Courtesy of: William Pitt Sotheby's Int'l The data relating to real estate for sale on this website appears in part through the SMARTMLS Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms, and is provided by SMARTMLS through a licensing agreement. Listing information is from various brokers who participate in the SMARTMLS IDX program and not all listings may be visible on the site. The property information being provided on or through the website is for the personal, non-commercial use of consumers and such information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on the website may no longer be available because they are for instance, under contract, sold or are no longer being offered for sale. Property information displayed is deemed reliable but is not guaranteed. Copyright 2022 SmartMLS, Inc. Updated: 8th August, 2022 6:49 PM (UTC)
