Here's your chance to invest in a remarkable and rare opportunity: a beautifully renovated, legal two-family home in the charming Northford area. This turnkey property features two separate residences on one lot, both currently rented to a single tenant for $4,900 per month. The main home boasts two to three spacious bedrooms, two full baths, and a stunningly remodeled kitchen with stainless steel appliances, quartz countertops, and ample cabinet space. The wonderful open floor plan is light and bright, while the beautifully updated bathrooms add to the home's appeal. The lower level includes a one-car garage, and stunning hardwood floors flow throughout. The additional unit is a one-bedroom, one-bathroom space that is also in excellent condition and currently occupied by the same tenant. Plus, a generous three-car garage with dual bays and a boat door enhances the property's versatility. With everything in place, all you need to do is enjoy the reliable monthly income of $4,900!
You will not find another property like this in North Branford! Truly a rare and great opportunity for investors to own this property that consists of two separate buildings on the same 3.5 acre parcel. The first building is a fully occupied 4 unit multi family plus a ground-keeper's suite with a two car oversized garage. The second building is an oversized 3 bedroom cape cod style home with a 2 bedroom unit upstairs. The property features two sun-rooms, large open rooms for entertaining and many custom copper details inside and out of the home that were designed by the owner. The walk out basement of the home is currently being finished that walks out to a pavilion, a gorgeous shade tree and raspberry bushes that line the property that backs up to town property with many hiking trails that lead to a park. In the back you will find 3 barns for storage or workshops. You will not want to miss this unique property! Please note this is considered commercial because it is more than 4 units and any lender will require commercial financing.
The median home value in North Branford, CT is $418,000. 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 North Branford, CT is $418,000. Approximately 79.81% of North Branford homes are owned, compared to 12.52% rented, while 7.67% are vacant. North Branford 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 North Branford real estate agent to arrange a tour today!
North Branford, Connecticut has a population of 13,643. North Branford is less family-centric than the surrounding county with 25.81% of the households containing married families with children. The county average for households married with children is 26.84%.
The median household income in North Branford, Connecticut is $101,463. 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 North Branford is 48.3 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 19.6 degrees. The average rainfall is approximately 48.4 inches per year, with 32.8 inches of snow per year.