Price Reduced 6.71%

$1,390,000 ($661.90 per sqft)

Est. Mortgage $7,029/mo *

Quick Pre-Approval

Price History

$1,490,000
7/16/2024

$1,390,000
9/13/2024


600 Silver Lane, Stratford, (Bunnell), CT, 06614

600 Silver Lane, Stratford, (Bunnell), CT, 06614

87 rooms

33 beds

22 Full baths

1967

Other

2,100 sqft

Calling all developers and investors, if you're looking for a nice safe investment in a mid-size project this is it! Previously marketed with just the 9 condos lots, seller is now willing to take offers on the entire development. The one existing finished house is not available. What you get are the rights to construct 9 brand new detached single-family condominiums. Each unit is 3 bedrooms, 2.5 baths and features vaulted ceilings, attached two car garage and a full basement. In addition, the 6-unit apartment building is now for sale as well. This building was the original church on the property. The building needs to be remodeled on the interior and some additional work to the exterior, but the bones are very solid, and conversion will be a very quick process compared to a new build. You can build and sell the condominiums, re-coup your capital and keep the 6-unit apartment building or build and keep the whole 15-unit project with great monthly cash flow. Come take advantage of this rare investment opportunity today.


Status:

Active

Town:

Stratford

Type:

Multi-family

Units:

15

Zoning:

C-8

Heating:

Hot Air

Cooling:

Central Air

Basement:

Full

Acreage:

2.2

Est. Taxes:

$28,540

Assessment

$709,940

Lot Description:

Lightly Wooded

Elementary School:

Per Board of Ed

High School:

Per Board of Ed

Days on Market:

111

MLS #:

24032962


Community Info

School Info

Walk Score

Mass Transit

Yelp


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Listing courtesy of Stephen Shapiro, Davis Owen Real Estate Email: goldcoasthouses@gmail.com