8 Sheephill Road, Greenwich, (Riverside), CT, 06878
12 rooms
4 beds
2 Full / 1 Half baths
1925
Units on different Floors
2,000 sqft
HIGHEST AND BEST BY 4/23/24 AT 5 pm. Welcome to a truly rare find - a unique 2-family home offering 4 separate incomes! This exceptional property presents a lucrative investment or owner occupant opportunity in a prime location, boasting not only two well-maintained residential units but also an additional building currently housing a successful restaurant, along with a detached 2-car garage that is already rented out for $400/mo. Each 2 bed 1 bath residential unit within the main house is currently occupied by excellent tenants and has been impeccably maintained, ensuring a steady stream of rental income. The additional building, currently home to a successful restaurant, adds an exciting dimension to this investment, providing a diverse income stream to the astute buyer. This property also offers ample room for increasing rental income, making it an enticing prospect for those seeking to maximize their return on investment. Conveniently set in a prime location, you'll have easy access to essential amenities, schools, shopping, and more. Additionally, there may be a possibility to build another structure in place of the restaurant and garage. Buyer to do their own due diligence with zoning. Whether you are an experienced investor, developer, or owner-occupant looking to offset monthly payments with rental income, this property presents an exceptional opportunity to achieve your financial goals. Current rent role is $6,500/mo. Recent rental activity would justify total rents of $8,000+/mo. Yearly expenses average $23,000. The garage is currently rented for $400/month. 1st floor lease expires September 30 2024. 2nd floor lease expires July 31 2024. Restaurant and garage are month to month.
Status:
Under Contract
Town:
Greenwich
Type:
Multi-family
Laundry Remarks:
All Units Have Hook-Ups
Units:
3
Zoning:
R-7
Garage:
2-car Detached Garage, On Street Parking, Off Street Parking, Driveway
Heating:
Hot Water
Cooling:
Window Unit
Basement:
Full, Unfinished
Parking:
6-car
Acreage:
0.21
Est. Taxes:
$8,977
Assessment
$771,470
Lot Description:
Corner Lot
Elementary School:
Per Board of Ed
High School:
Greenwich
Days on Market:
12
MLS #:
24009699
Community Info
School Info
Walk Score
Mass Transit
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Copyright ©2024 SmartMLS, Inc.
Listing courtesy of Jacob Bivona, Compass Connecticut, LLC Email: jbivona.re@gmail.com