128 Grasmere Ave - Apartments FOR SALE


Fairfield, CT 06824
$1,050,000 USD
203-486-9040
128 Grasmere Ave, Fairfield, CT for Sale
$1,050,000 USD
Apartments - FOR SALE
1/15
null | 8.19% Cap Rate

128 Grasmere Ave
Fairfield, CT 06824


HIGHLIGHTS

  • Desirable Location
  • Transit Oriented Property
  • Strong Rental Market
  • Section 8 Opportunity
  • Proximity to Local Colleges
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 128 Grasmere Avenue in Fairfield, Connecticut (the “Property”). The Property is improved by a one-story multi-family building containing four (4), 1-Bedroom/1- Bathroom units with 2,665 square feet of living area in 3,665 square feet of gross area on a 0.11-acre parcel. The Property also features a basement that consists of four (4) private storage units. 128 Grasmere Avenue is positioned along a quiet tree-lined street in a residential neighborhood in the east end of Fairfield. The Property is seconds from US Route 1, and Post Road/Fairfield Avenue, two of the area’s primary commercial and commuter corridors and enjoys convenient access to the retailers and restaurants, schools, parks and recreation areas, and public beaches. The Property is within walking distance of several municipal bus stops and the Fairfield-Black Rock Train Station and is close to area highways (Interstate 95 and CT Routes 8 & 15). 128 Grasmere Avenue is within 5-miles of four colleges and universities and is close to the area’s largest cities (Bridgeport, Norwalk, Stamford and New Haven) which provide access to additional cultural and entertainment centers, and major employers.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/SF

$394 USD /SF

# OF UNITS

4

PRICE/UNIT

$262,500

CAP RATE

8.19%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1919

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

-

APN/PARCEL ID

FAIR-000130-000000-000271

ASK ABOUT THIS PROPERTY

Stavros FilippidisHorvath & TremblayMore Info
203-486-9040

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Stavros FilippidisHorvath & TremblayMore Info
203-486-9040

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.