Victoria Lorusso | Keller Williams Prestige Properties | 203-324-9600
8 Waverly Place, Stamford, CT
2 Family in Great Condition
4BR/2BA Multi-Family, 2 units
offered at $420,000
Year Built
1930
Sq Footage
2,058
Bedrooms
4
Bathrooms
2 full, 0 partial
Floors
2
Parking
2 Car garage
Lot Size
6,120 sqft
HOA/Maint
$0 per month
DESCRIPTION
Get an 8% Return! Great opportunity with this immaculate 2 family in quiet neighborhood. It offers a 2br 1st floor apartment and a 2br 2nd floor apartment. The first floor offers a living room that opens to a sun room and spacious dining room with gorgeous wood floors, large kitchen, 2 bedrooms and a full bath. The second floor offers a carpeted living room, kitchen with 2 walk-in pantries, 2 bedrooms and a full bath. The lower unit has access to a large full unfinished basement for storage and the upper unit has access to a large attic. The property also boasts a 2 car garage with loft storage, lawn area and a once worked area for a vegetable garden.
Put 25% down and with a mortgage rate of 6.5% your payment is only $1,991 x 12 = $23,892 a year. Expected rent is $38,400. Subtract debt service and taxes of $6,317 = $8191, an 8% return on your money. Plus there is room to improve the building and capitalize on the market as it strengthens.
Walk-in closet
