Nest Seekers

INTRODUCING 26 Nichols Avenue, an exceptional investment opportunity and the ONLY MULTI FAMILY property located in Stamford's desirable Mid Ridges neighborhood.

26 Nichols
Stamford, CT 06905

Listing

Web ID:5724786
Website:https://www.nestseekers.com/5724786

Property

Ownership: Multi-Family
Type: Multi-Family
Bedrooms: 6 BR
Bathrooms: 4
Area: 2486 sq ft

Financials

Price:$1,100,000
Annual Taxes:$15,254

Description

INTRODUCING 26 Nichols Avenue, an exceptional investment opportunity and the ONLY MULTI-FAMILY property located in Stamford's desirable Mid-Ridges neighborhood. COMPLETELY REBUILT to the studs in 2018, this turnkey 2-family/6-bedroom home offers approximately 2,486 square feet with two beautifully updated units, making it ideal for investors or owner-occupants seeking rental income. The 1st-floor unit features 3 bedrooms, 2 full baths, hardwood floors, updated kitchen, rear deck, and direct access to the level backyard. The upper duplex unit spans the 2nd and 3rd floors, offering 3 bedrooms/2 baths, plus a home office, including a private 3rd-floor primary suite with full bath. Both units feature central air, propane heat and cooking, separate utilities, private washer/dryers, stainless appliances, divided garage storage, and separate rear decks for outdoor entertaining. Exterior includes new roof and gutters, vinyl siding, new decks and rear stairways. Off-street parking accommodates 5 vehicles (2 front, 3 rear). Projected gross annual income of $80-$85,000 with current annual expenses of just $22,671 offers strong cash-flow potential. Conveniently located near shopping, dining, parks, public transportation, and major commuting routes.Whether you're expanding your investment portfolio or looking to offset your mortgage by living in one unit and renting the other, 26 Nichols Ave is a rare, fully renovated opportunity in one of Stamford's most sought-after neighborhoods.

Amenities

  • Balcony
  • Central Air
  • Deck
  • Elementary School - Hart Magnet
  • Gutters
  • Heat Pump
  • High School - Stamford
  • Intermediate School -
  • Lighting
  • Thermopane Windows
  • Front of House
  • Front Yard

Contact

Greenwich, CT
Nest Seekers International at The J House Greenwich, 1114 E Putnam Ave, Riverside, CT 06878
Phone: +1 203-204-9555
greenwich@nestseekers.com
Listing Courtesy of Len Schwartz of Keller Williams Prestige Prop.
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