$885,000

Newly renovated Branford multi! Total heated sq feet 3240. Everything new: no updates to make. Gross rents annual 84600. Expenses annual 14000. Net 70600. Taxes $9238, sewer $800/yr, water approx $320/yr, insur approx $2600/yr. Public water and sewer, natural gas heat. Basement studio apt faces west and has great sunlight from normal windows because the building is built on a slope. 3 APTS total: ground level walkout studio, 1st floor main level apt, and 2nd floor apt. 1st floor apt rented for $2600 w lease end 02/20/27; tenants current. 2nd fl apt 3BD/1BA rented for $2500 w lease end 05/15/2027. Studio apt is 700 sq feet, elec heat, no c/a, 1 full bath, laundry hookups, not on tax card, currently rented for $1950 with a $550 elec credit per month with landlord paying basement elec meter; see MLS 24153079. Parking for 5 cars: 2 spots each for 1st floor and 2nd floor units, 1 spot for studio unit. Previous 2nd floor tenants installed elec car charger on their meter; the nozzle hookup/wiring for it is installed in the side of the building at their 2 parking spots, but they took the "nozzle." 1st floor unit approx 1300 sq feet with 3 bedrooms, a den/office/small 4th bd, 1.5 baths, hardwood, c/a, granite. 2nd floor apt approx 1240 sq ft and has 3 bedrooms, 1 full bath, hardwood, c/a, granite. Total heated sq ft approx 3240. Basement has util room for mechanicals and laundry hookups for 1st and 2nd floor units. Studio apt has its own hookups for stackables in a closet.