NEW MILFORD VALUE ADD THREE FAMILY $335000

Litchfield County, New Milford, CT, 06776
Sold
Listed at: June 12th, 2023
Price
$335,000
ARV
$600,000
Gross Margin
$265,000
Sq. Footage
2959
Type
Multifamily
Parking
Detached Garage
Year build
1920
Lot size
0.15 acres
Bedrooms
6
Bathrooms
3
Half Bathrooms
0
Summary

NEW MILFORD VALUE ADD THREE FAMILY $335k

Rare New Milford off market three family home minutes from down town.

6 beds 3 baths 2959sqft 1920 build

Details: City water, City Sewer, Oil, Vinyl siding

Driveways on either side of building with a three car garage in the rear.

Occupancy: First floor rented m/m $600 long term tenant. 2nd and 3rd Floor vacant

Heating System: Two Lenox Octopus Furnaces for first and second floors. Third floor electric

Electric: Three separated meters in basement

Concrete Basement flooring

Roof: 20+ years and needs replacement

Plaster walls throughout.

Hardwood Floors throughout.

Backyard Porches need to be torn down.

Tree in front yard should be cut down.

Three kitchen and bath full renos.

PRICE: $335,000

REHAB: $100,000-$125,000

ARV: $600,000-650,000

Supporting Comps:

17 Whittlesey Ave, New Milford

5/3 2696sqft 1880bld 10/17/22 $550,000

46 West St, New Milford

5/4/ 2677sqft 1860 build (cash) 1/5/23 $405,000

We are Royal Realty Wholesale, your nationwide wholesale provider for off market investment properties. Please reach out and ask for 'sales' by phone or text at 203-533-9934 for questions or to schedule a closing.

LEGAL NOTICE: We have a legally binding contract with our Seller. Trying to go around us and direct to our seller is illegal and considered Tortious Interference of a Contract. Doing so will result in legal action.LEGAL NOTICE: We have a legally binding contract with our Seller. Trying to go around us and direct to our seller is illegal and considered Tortious Interference of a Contract. Doing so will result in legal action.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Alexander Donald King

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Disposition manager