Newly Renovated Units with an Additional Lease and Increases in Rental Income.

Investors take notice! Rare opportunity to own 2 turn-key income producing properties. Side by side properties include a retail space and a detached 2 cr garage in back of #51.

All units have separate updated utilities. Rents are still below market value. Both properties are being sold together and also listed/offered separately.

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on 51-53 Locust Ave
in Danbury, CT
Presented by JOSEPH PERUN at
Perun Properties.


Property MLS #170610825 from SMARTMLS

+ Reveal additional info including schools and tax history

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+ Bedrooms

Bedrooms: 8

+ Other Rooms

Total Rooms: 20
Basement Description: Full, Storage, Full With Hatchway

+ Bathrooms

Total Bathrooms: 7
Full Bathrooms: 6
1/2 Bathrooms: 1

+ Appliances

Laundry Features: Location: Basement of #53

+ Heating and Cooling

Heating Features: Heat Fuel Type: Natural Gas, Heat Type: Radiator
Heating Fuel: Natural Gas
Water Heaters: Natural Gas, 100 Gallon Tank

+ Exterior and Lot Features

Porch-Enclosed

+ Land Info

Lot Description: Corner Lot
Lot Size Acres: 0.17
Lot Size Square Feet: 7405

+ Garage and Parking

Garage Spaces: 2
Garage Description: Detached Garage, Paved, Off Street Parking
Parking Features: 8

+ Amenities and Community Features

Basketball Court
Commuter Bus
Health Club
Lake
Medical Facilities
Park
Public Transportation
Shopping/Mall

+ School Information

Elementary School: Per Board of Ed
High School: Danbury
+ Display Complete School Details

Broadview Middle School is a public middle school located approximately 0.2 miles away.
Map directions

Ellsworth Avenue School is a public elementary school located approximately 0.4 miles away.
Map directions

Danbury High School is a public high school located approximately 1.8 miles away.
Map directions

Sacred Heart School is a private elementary school located approximately 0.8 miles away.
Map directions

+ Rental Info

Gross Income: 114420

+ Multi-Unit Info

Number of Units: 6

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Other Property Info

Annual Tax Amount: 12080
Source Listing Status: Under Contract - Continue to Show
County: Fairfield
Directions: On Corner of Locust Avenue and Osborne Street
Source Property Type: Multi-Family For Sale
Source Neighborhood: Germantown
Postal Code Plus 4: 6148
Zoning: RM12
Source System Name: C2C
+ Reveal Property Sale History

Price Changed 2024-04-30
$1,200,000
SMARTMLS

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Price Changed 2024-04-23
$1,249,000
SMARTMLS

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Relisted 2024-04-11
$1,275,000
SMARTMLS

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Listing removed 2024-03-14
$0
SMARTMLS

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Price Changed 2024-02-20
$1,275,000
SMARTMLS

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Relisted 2024-02-14
$1,295,000
SMARTMLS

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Listing removed 2024-02-01
$0
SMARTMLS

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Price Changed 2024-01-14
$1,295,000
SMARTMLS

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Price Changed 2023-12-13
$1,325,000
SMARTMLS

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Listed 2023-11-27
$1,350,000
SMARTMLS

+ Commercial Info

Net Operating Income: 82420
Operating Expense: 31000

+ Building and Construction

Total Square Feet Living: 4600
Year Built: 1925
Above Grade Finished Area: 4600
Attic: Attic Description: Access Via Hatch, Attic YN: Y
BelowGradeFinishedArea: 1988
Building Exterior Type: Vinyl Siding
Construction Materials: Frame
Foundation Details: Stone
Property Age: 99
House Style: Units on different Floors
Total Area Sqft: 6588

+ Utilities

Sewer: Public Sewer Connected
Water Source: Public Water Connected