19 5th St Stamford, CT 06905

Location, location, location – rare opportunity to purchase a legal 3 family home in the heart of the Stamford business district. The home has 7 bedrooms, 4 full baths, separate laundry in 2 of the units, dishwasher and microwave in all units and parking for 7 cars including a detached garage for one car. The home was recently converted to gas heating with 3 gas boilers and 4 water heaters, all new double pained windows, hardwood floors in all rooms except the kitchens and ground level rooms, steel doors on all units. Additionally, each unit has one window air conditioner. The driveway and parking areas has been paved. The main unit, currently owner occupied, is on 2 levels and has 3 bedrooms, large living room, family room, eat-in-kitchen and office. The other 2 units are on the second floor and they each have 2 bedrooms. Unit 2 also has a washer & dryer in the unit and a large balcony off the kitchen. The two units on the second floor each have leases that will expire in July 2022. The home has 3 separate gas meters and 4 electrical boxes, and each tenant pays there own expenses. Therefore, the only expenses that the owner will incur are taxes, insurance, lawn care and snow removal and any needed maintenance or capital improvements. This is a great investment opportunity in which a positive cash flow, including mortgage repayment, can be achieve in the first year of ownership.