216 King StreetStratford, CT 06615MLS Number 99194406

  • Price: $850,000
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Federal 30-year interest rate: 4.03% last updated on Apr 27, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.63Acreage
  • 1910Year Built
  • 8,252Square Feet
  • $42,114Gross annual expense

Driving Directions

Money maker! Bring your imagination to this charming 16 room Rooming House, also convertible to other income opportunities. Located in the heart of Stratford center, it is situated on .63 acres of land and has over 5100 square feet of living space. Front to back apartment offers flexibility to rent or be owner occupied. Tenants share 3 community kitchens and 5 baths. 1st floor laundry and rented 3 car garage provide additional income for owner. Ideal commuter location. Only a half mile to train station or I-95. Tenant parking is abundant. Newer roof, siding, windows, boiler, and electricity. Owner may be willing to consider some type of owner financing.

Listed by Theodore Kostzewski of The Gabriel Agency Real Estate

More Info

Basic Information

  • Broker NameThe Gabriel Agency Real Estate
  • List Price$850,000
  • MLS Number99194406
  • Property TypeCommercial For Sale
  • StatusACT
  • TownStratford
  • Gross annual expense$42,114
  • Gross annual income$156,760
  • Commercial catagoryOther
  • Also for leaseNo

Interior

  • Interior featuresLiving Space Available

Exterior

  • Exterior featuresGutters, Outside Storage Area

Utilities

  • Heat SystemSteam
  • Utilities availableCable, Electric
  • Water sourcePublic Water Connected
  • Cooling SystemWindow Unit
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Assessed value$318,640
  • Taxes$12,736
  • Tax YearJuly 2017-June 2018
  • Milrate base38
  • Milrate total39.97

Building

  • FoundationSlab, Stone
  • RoofAsphalt Shingle
  • Year Built1910
  • Building ConstructionFrame
  • AtticNo
  • Garages0
  • FlooringTile, Wood
  • Garage Parking InfoDetached Garage, Off Street Parking
  • Square Feet8,252
  • Restrooms number of5
  • Sqft residential5152
  • Stories3
  • Additional space availableNo

Auction

  • Bank owned propertyNo

Basic Information

  • Agent ID, 12875

Location

  • CountyFairfield
  • LocationDowntown, Highway Access
  • StateCT
  • Zip06615

Property

  • Acreage0.63
  • Lot DescriptionLevel Lot
  • LotimprovementsFence - Partial
  • Parking Spaces3
  • Parking spaces covered3
  • FloodzoneNo
  • Business includedYes
  • Road Frontage DescriptionPaved Road, Municipal Street
  • SwimmingpoolNo

Water Body

  • WaterfrontNo

Other

  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • Net operating income114646
  • Space is leasedNo
  • Present useRooming House
Fairfield Office
Office: 203-259-8326
Vanderblue Team Office Headquarters
1499 Post Rd
Fairfield, CT 06824

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Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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