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674 Iranistan Avenue, Bridgeport, CT 06605
$530,000
674 Iranistan Avenue, Bridgeport, CT 06605View this property at 674 Iranistan Avenue, Bridgeport, CT 06605
674 Iranistan AvenueBridgeportCT06605
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Property Description
MUST SEE! Great Income-Generating Investment Opportunity! Discover the potential of this exceptional property which comprises two substantial buildings on a double lot (single parcel)-a spacious three-family residence with 5,016 total SF including 3,632 above grade and a detached commercial storefront with a three-car garage totaling 1,792 SF above grade. The three-family building underwent total reconstruction in 2009, featuring new windows, roof, and interior fixtures. Recent upgrades include the installation of 2 new hot water heaters. The commercial store has gone through complete reconstruction and renovation including, roof, electric (220V). Permits available and recorded at Bridgeport building department. Three Family Building Layout: First and Third Floor: Three bedrooms and one bath each Second Floor: Four bedrooms and one bath This property offers a diverse set of rental spaces, contributing to its impressive income potential. The current rent roll is as follows: 1st Floor: $1500/month - Vacant as of February 1st, 2024 2nd Floor: $1600/month - Rented 3rd Floor: $1400/month - Rented Three Garages: $450/month - Vacant Commercial Storefront: $1,350/month - Rented The total gross market monthly rent is an impressive $6,300, making this investment a substantial income generator. With an 80% Loan-to-Value loan, this property offers an exceptional cash-on-cash return of 35% or more. Act now to capitalize on this substantial cash cow investment!
Full Property Details
Full Property Details for 674 Iranistan Ave
General
- Sold For: $530,000
- Taxes: (July 2023-June 2024)
- Status: Closed
- Type: Multi-Family
- MLS ID: 170619796
- Added to Site: 116 day(s) ago
Interior
- Number of Rooms: 26
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
Bedrooms
- Total Bedrooms: 10
Exterior
- Exterior Features: Gutters, Porch
Parking
- Garage: Yes
- Garage Spaces: 3
- Parking: Detached Garage, Paved, Off Street Parking
Location
- County: Fairfield
- Neighborhood: West End
- Driving Directions: GPS 674 Iranistan Ave Bpt Ct
School Information
- Elementary School: Per Board of Ed
- Middle School: Per Board of Ed
- Intermediate School: Per Board of Ed
- High School: Per Board of Ed
Community
- Community Name: West End
Heating & Cooling
- Cooling Type: None
- Heating Type: Baseboard, Natural Gas
- Heating Fuel: Natural Gas
- Water Heater: 40 Gallon Tank, Natural Gas
Utilities
- Sewer: Public Sewer Connected
- Water: Public Water Connected
Structural Information
- Architectural Style: Units on different Floors, 3updown - Unit(s) per Floor
- Construction Status: No/Resale
- Exterior Const.: Vinyl Siding, Cement Block
- Basement Desc.: Full, Full With Hatchway, Unfinished
- Roof: Asphalt Shingle
- Square Feet: 5,424
- Above Ground: 5,424 Sq. Ft.
- Year Built: 1917
Unit Information
Unit 1
- Square Feet: 1224
- Total Bathrooms: 1
- Bedrooms: 3
Unit 2
- Square Feet: 1304
- Total Bathrooms: 1
- Bedrooms: 4
Unit 3
- Square Feet: 1104
- Total Bathrooms: 1
- Bedrooms: 3
Unit 4
- Square Feet: 736
- Total Bathrooms: 1
- Partial Bathrooms: 1
- Bedrooms: 4
Unit 5
- Square Feet: 1408
Lot Features
- Lot Size (Acres): 0.11
- Driveway/Sidewalk: Private, Paved, Asphalt
- Zoning: RC
- Lot Description: City Views, Level Lot
Water Features
- Water Front Desc.: Beach, Beach Rights
Financial Considerations
- Assessment Amount: $197,950
- Tax Year: July 2023-June 2024
Disclosures and Reports
- Exclusions: As Is
- Property ID: 18930
Listed and Sold by American Home Realty LLC, Bobby Toth
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Schools
Schools serving 674 Iranistan Ave
School District:Bridgeport School District
Rating | Name | Grades | Distance |
---|---|---|---|
680 Park Ave, Bridgeport, CT 06604 | PK-8 | 0.3 mi | |
1181 Fairfield Ave, Bridgeport, CT 06605 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 674 Iranistan Ave
Date
Details
Price
Change
Source
4/30/2024
Sold
$530,000
1.92%
MLS
1/22/2024
Listed
$520,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
674 Iranistan Avenue, Bridgeport, CT 06605 (MLS# 170619796) is a Multi-Family property that was sold at $530,000 on April 30, 2024. Want to learn more about 674 Iranistan Avenue? Do you have questions about finding other Multi-Family real estate for sale in Bridgeport? You can browse all Bridgeport real estate or contact a Coldwell Banker agent to request more information.