365 Putnam Road (Off Market)

For Sale, USD 465,000


365 Putnam Road,

Property Type : Other Residential

Property Style : N/A

Build Size : N/A

Land Size : N/A

Bedroom : 8

Bathroom : 3

Half Bathroom : 0

MLS#: N/A


Property Description

Looking for easy, low maintenance and low overhead - this fully remastered, High-Yield Two-Family Investment located on the Danielson boarder...Renovated from roof down with only $4k in annual taxes; This investment offers exceptional scale, condition, and income potential. With a gross expected rent of $79k/year, our expected cap rate comes in at 13%. Each unit is configured as a massive four-story townhome, featuring 3 BR layouts that live and sleep like four, delivering flexible living space and strong rental appeal. The property also includes four garage bays, providing an additional income stream and enhancing overall yield. When fully leased across both residential units and all garage bays, the property demonstrates strong investment performance, with projected returns outlined in the attached pro forma. The pro forma details rental assumptions, garage income, and operating considerations for a clear view of the property's income potential. Just beyond the garage in the rear of the property includes an overgrown tennis court. Due to zoning, this Conveniently located within walking distance to a mini mart and package store, and minutes to Interstate 395, the property offers both accessibility and neighborhood convenience. A rare opportunity to acquire a turnkey, income-producing multi-family asset with multiple revenue streams, scale, and upside - Massive lot with 2.4 acres.
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365 Putnam Road, United States,Connecticut is a Connecticut luxury Other Residential listed for sale USD 465,000. This high end Connecticut Other Residential is comprised of 8 bedrooms and 3 baths. Find more luxury properties in Connecticut or search for luxury properties for sale in Connecticut.