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27 Center St, Stafford, CT 06076

$369,900
: 8
BD
: 3
BA
: 2,530
SqFt

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List Price: $369,900
Status: ACTIVE
MLS#: 24205743
Price Change: ▼ $5,000 1792436225
Year Built: 1880
Bedrooms: 8
Bathrooms: 3
Acres: 0.46
Living Area: 2,530

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Property Description

RENOVATED TWO-FAMILY with strong income potential and one unit available for immediate occupancy! 27 Center Street offers a compelling opportunity for both investors and owner-occupants, featuring 8 bedrooms, 3 bathrooms, approximately 2,530 square feet, and the potential for approximately $4,200 per month in gross rental income. One unit is currently leased at $2,050 per month through August 2027, while the second unit is vacant with an estimated market rent of approximately $2,150 per month. For an owner-occupant, this creates an opportunity to move directly into the vacant unit while collecting $2,050 per month in existing rental income. For an investor, the property offers the potential for approximately $50,400 in annual gross rental income once fully occupied. Recent improvements include updated interiors, stainless steel appliances, and brand-new furnaces serving both units. Tenants are responsible for their own oil and electric, helping reduce owner-paid operating expenses. Additional features include basement laundry hookups, a detached garage, off-street parking, and front and rear yard space. Recently reduced to $369,900. Whether you're looking to add a renovated multifamily property to your portfolio or offset your housing costs with rental income, 27 Center Street deserves a look. Seller is motivated, bring your buyer! Schedule your private showing today. Property is being offered AS-IS.

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Additional Information

Taxes: $5,209
Lot Size: 20,037
Heating: Hot Water
Cooling System Type: None
Water Source: Public
Basement: Full
Exterior Features: Covered Deck/Patio
Garage Spaces: 1
Parking Spaces: 5
Elementary School: Stafford
Middle School: Stafford
High School: Stafford