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Opportunity knocks! Large, meticulously maintained two-family duplex in prime, high-appreciation Fairfield location. Ideal for investors or owner-occupants seeking strong income potential & long-term value. Rent both units or live in one while offsetting costs with the other. Fully renovated in 2023, this 2, 319SF property offers exceptional flexibility with 6BRs and 2 full & 2 half baths split between the well-designed residences. Both units feature beautifully updated kitchens w/ granite countertops, shaker-style cabinetry, & new stainless-steel appliances plus fireplace a that add warmth and character. The 1st floor unit (#352) offers ample flexibilty with 4 bedrooms and 1. 5 baths, living and dining room and a sunny kitchen that opens to a large, newly painted deck overlooking the fenced backyard-- perfect for entertaining or relaxing. Unit 2 (#354) on the 2nd floor features 2BRs and 1. 5 baths, with light filled living room, den, kitchen, & plenty of storage. All mechanicals-including furnace, hot water heater, central air, and roof- replaced in 2023, offering true turnkey peace of mind. An enclosed sun porch entry serves as a bright shared mudroom. Separate utilities for each unit. The large walkout basement has a shared laundry (new washer/dryer) and abundant storage. The basement offers excellent future potential to finish, already equipped with windows and a roughed-in bathroom. The front and back yard have been professionally landscaped. There is a detached garage plus ample extra parking in the recently paved driveway. This exceptional property is conveniently located near Fairfield's trains, beaches, restaurants, shops, and universities, supporting strong rental demand and long-term appreciation. A rare move-in-ready investment opportunity. Don't miss your chance!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $740,000 | $740,000 | $740,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $831 | $831 | $831 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $4,144 | $4,496 | $6,195 |
| Total Monthly Payment | $5,067 | $5,419 | $7,118 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.