26 Orchard St - Apartments FOR SALE


Stamford, CT 06902- West Side-Waterside-South End
$2,900,000 USD
203-486-9040
26 Orchard St, Stamford, CT for Sale
$2,900,000 USD
Apartments - FOR SALE
1/14
null | 6.35% Cap Rate


HIGHLIGHTS

  • Fully Leased, Cash-Flowing Asset
  • New Construction
  • Separate Utilities
  • Transit Oriented Property
  • Strong Rental Market
  • Strong Demographics

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 26 Orchard Street in Stamford, Connecticut (the “Property”). The Property features newer construction townhouse-style units consisting of five (5), 3-Bedroom/2.5-Bathroom units and two (2), 3-Bedroom/2-Bathroom units with 10,697 square feet of living area in 12,984 square feet of gross area on a 0.25-acre parcel. The Property also features ample parking with garages beneath most of the units and surface parking on-site. The Property is fully occupied, offering an investor immediate cash flow in a high-demand, supply-constrained market. 26 Orchard Street is located on a residential side-street made up of single and multi-family homes just south of Downtown Stamford. The Property is seconds from Interstate 95, US Route 1, and Washington Boulevard, which provide convenient access throughout Fairfield County and southern Connecticut. The location offers convenient access to area shopping, with numerous shopping, dining and entertainment amenities within walking distance. The Property is walkable to several municipal bus stops and the Stamford Train Station, offering service on the Metro-North Line from New York City, as well as Amtrak lines that provide regional service throughout the Northeast.

FOR SALE DETAILS

PRICE

$2,900,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

7

PRICE/UNIT

$414,286

CAP RATE

6.35%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2015

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

-

APN/PARCEL ID

STAM-000002-000000-005041

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.