Milford CT Multi Family for Sale
$1,750,000
12-14 Blackall Road Milford, CT 06460
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 10
- Lot size:
- 0.16 Acres
- Year built:
- 1910
- Baths:
- 5.00
- MLS#:
- 24056096
- Subdivision:
- Woodmont
ADDITIONAL INFORMATION
Discover an extraordinary investment opportunity with this unique property steps away from the water in the Borough of Woodmont! No flood insurance is required- just out of the flood zone! 5 separate units spread across two distinct lots with the potential to up the rents - the majority of the tenants are on a monthly basis. Three units with two bedrooms and a well-appointed bathroom, one with 3 bedrooms and amazing water views, as well as an additional one bedroom unit above the garage, perfect for both short-term rentals and long-term tenants. Washer/dryer hookups and appliances included. Situated in the highly desired Woodmont neighborhood, these units provide stunning water views and easy access to the beach. The property is ideal for investors looking to capitalize on the desirable location or for families seeking a multi-generational living arrangement. This listing is a rare find in a sought-after area. Current rental prices are below market value 2/3 bedrooms in this area typically rent for $2500-3000. Projected cap well over 5 percent.
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Milford Real Estate
The median home value in Milford, CT is $392,000. This is higher than the county median home value of $326,700. The national median home value is $338,100. The average price of homes sold in Milford, CT is $392,000. Approximately 69.3% of Milford homes are owned, compared to 21.92% rented, while 8.79% are vacant. Milford real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Milford real estate agent to arrange a tour today!
Milford, Connecticut 06460 has a population of 52,308. Milford 06460 is more family-centric than the surrounding county with 30.99% of the households containing married families with children. The county average for households married with children is 26.84%.
The median household income in Milford, Connecticut 06460 is $97,785. The median household income for the surrounding county is $75,043 compared to the national median of $69,021. The median age of people living in Milford 06460 is 46.2 years.
Milford Weather
The average high temperature in July is 82.4 degrees, with an average low temperature in January of 21.6 degrees. The average rainfall is approximately 45.8 inches per year, with 28.9 inches of snow per year.