52 Orchard Street

Great Investment Opportunity, Huge 6 Family House, Fully Rented with a GOI of $180K a year and NOI of $150K. Landlord ONLY pays Taxes, Insurance and Water and Sewer,. Tenants pay all utilities for these 2 Bedroom, one bath units. Conveniently Located Close To Train, Bus, Mall, Downtown, I95, Parks Mall, Rarely Seen Property Type, Don’t Miss Out On This One Large 6 Family House. Excellent Rental Income Property & Opportunity In A Fast Developing Section Of Stamford. With close Proximity To New York City. Great Investment Opportunity: 52 Orchard Street in Stamford, Connecticut, is a six-unit multifamily property located in the Waterside neighborhood. Constructed in 1905, the building encompasses approximately 5,565 square feet on a 5,662-square-foot lot. Each of the six apartments features two bedrooms and one bathroom, contributing to a total of 12 bedrooms and six bathrooms across the property. The property is Fully Rented with an GOI in the amount of $180,300.00 and a NOI of $148,800.00. Rent Roll: 1L $2,675 SD $2400 1R $2,400 SD $2,400 2L $2,400 SD $2,400 2R $2,675 SD $1,600 3L $2,525 SD $1,600 3R $2,350 SD $2,250 Expenses: R.E taxes: $17,000 Insurance: $6,000 Repair & Maintenance: $4,000 Water & Sewer: $4,000 Electricity (owner’s meter): $700 Other $500 The property offers several key investment highlights: Consistent Rental Income: All six units are currently rented, providing a stable revenue stream. Strategic Location: Situated within walking distance to public transportation, shopping centers, and close proximity to downtown Stamford, the property appeals to tenants seeking convenience and accessibility. Neighborhood Development: The Waterside neighborhood is experiencing growth, enhancing the property's potential for appreciation. Conveniently Located Close To Train, Bus, Mall, Downtown, I95, Parks Mall, Rarely Seen Property Type. Given its fully occupied status and prime location, 52 Orchard Street represents a compelling opportunity for investors seeking a well-positioned, income-generating asset in a developing area of Stamford.