1,100,000

House for sale Stamford
Property photo number 1 of 16 Photos for Property. File  105560036_29_a426b1c4e7ec4895d2c668541e1ff4bb.jpeg

Overview

SUMMARY: Discover an opportunity with this Stamford house for sale and available for 1,100,000. This could be your next ideal home or a smart investment. More details await.
INTRODUCING 26 Nichols Avenue, an exceptional investment opportunity and the ONLY MULTI-FAMILY property located in Stamford's desirable Mid-Ridges neighborhood. COMPLETELY REBUILT to the studs in 2018, this turnkey 2-family/6-bedroom home offers approximately 2,486 square feet
with two beautifully updated units, making it ideal for investors or owner-occupants seeking rental income. The 1st-floor unit features 3 bedrooms, 2 full baths, hardwood floors, updated kitchen, rear deck, and direct access to the level backyard. The upper duplex unit spans the 2nd and 3rd floors, offering 3 bedrooms/2 baths, plus a home office, including a private 3rd-floor primary suite with full bath. Both units feature central air, propane heat and cooking, separate utilities, private washer/dryers, stainless appliances, divided garage storage, and separate rear decks for outdoor entertaining. Exterior includes new roof and gutters, vinyl siding, new decks and rear stairways. Off-street parking accommodates 5 vehicles (2 front, 3 rear). Projected gross annual income of $80-$85,000 with current annual expenses of just $22,671 offers strong cash-flow potential. Conveniently located near shopping, dining, parks, public transportation, and major commuting routes.Whether you're expanding your investment portfolio or looking to offset your mortgage by living in one unit and renting the other, 26 Nichols Ave is a rare, fully renovated opportunity in one of Stamford's most sought-after neighborhoods.
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Details

  • Beds: 6
  • Baths: 4
  • Price: 1,100,000
  • Reference No.: 96006036
  • Area: 2,486 sqft

Location

Marketed by:

  • Len Schwartz
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