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241-259 Castle Ave
Fairfield, CT 06825
Multifamily Property For Sale
·
6 Units
PROPERTY FACTS
| No. Units | 6 | Building Size | 18,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2008 |
| Building Class | B | Parking Ratio | 0.36/1,000 SF |
| Lot Size | 0.23 AC | ||
| Zoning | B1 | ||
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 18,000 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2008 |
| Parking Ratio | 0.36/1,000 SF |
| Zoning | B1 |
AMENITIES
UNIT AMENITIES
- Security System
- Bay Window
- Ceiling Fans
- Eat-in Kitchen
- Surround Sound
- Yard
- Grill
- Lawn
ABOUT 241-259 CASTLE AVE , FAIRFIELD, CT 06825
6 Unit luxury townhouse complex completed in 2008 consisting of 2 adjacent buildings with 3 over-sized (Approx 1800 Sq-variance approved for extra size and height) town homes. Completely turn-key, fully rented with vetted tenants. Each of the 6 units consists of 3 Bedrooms, 2.5 Baths with glass high tiled, true hardwood flooring, fireplace, high-end Kitchen, granite, stainless appliances, over sized patio (variance approved). Gas and Central air, finished basement, 2 car garage. Impeccably maintained throughout with hands on, tenant management onsite (1 tenant pays reduced rent). Tenant at 245 (resident since 2009) is onsite manager in exchange for $500 per month in reduced rent. All tenants pay for water, landscaping, and up to $250 in repairs. All tenants also have their own insurance. Landlord pays only property taxes and hazard insurance. Strategy: collect rent while market comes back and resell each unit at profit.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2 | 6 | $2,900 | 1,800 |
