$1,995,000

Nestled in an ideal downtown location is 48-52 Hoyt St., an Exceptional 7-unit residential complex with unbeatable upward potential! Unlike any other opportunity you'll come across, here you'll find 2 multi-unit buildings ~ One stately vintage colonial home housing 5 spacious 1-and 2-bedroom apartments, and a separate 2-family duplex w/ two 2-bedroom, 1.5 bath, side-by-side townhomes, plenty of parking and common space. The vintage building features a welcoming front foyer and a variety of apartments with high ceilings, hardwood floors (most), character and charm! The side-by-side 2-family offers traditional townhome style units with walk-up attics and basement access. Excellent investment opportunity to own an exciting piece of downtown Stamford. Current rents are inconsistent with today's market. Six of 7 tenants are on month-to-month terms. Rents have not been raised in many years. Good long-term tenants in place may be willing to pay market rate increases. There is some work needed, but well worth it. This is an estate, all information is to the best of executor knowledge. Buyers encouraged to due their own diligence. Expense/income details in supplements.