Stratford CT Multi Family for Sale
$1,390,000
600 Silver Lane Stratford, CT 06614
- Type:
- Other
- Sq.Ft.:
- n/a
- Status:
- Active
- Beds:
- 33
- Lot size:
- 2.2 Acres
- Year built:
- 1967
- Baths:
- 22.00
- MLS#:
- 24032962
- Subdivision:
- Bunnell
ADDITIONAL INFORMATION
Calling all developers and investors, if you're looking for a nice safe investment in a mid-size project this is it! Previously marketed with just the 9 condos lots, seller is now willing to take offers on the entire development. The one existing finished house is not available. What you get are the rights to construct 9 brand new detached single-family condominiums. Each unit is 3 bedrooms, 2.5 baths and features vaulted ceilings, attached two car garage and a full basement. In addition, the 6-unit apartment building is now for sale as well. This building was the original church on the property. The building needs to be remodeled on the interior and some additional work to the exterior, but the bones are very solid, and conversion will be a very quick process compared to a new build. You can build and sell the condominiums, re-coup your capital and keep the 6-unit apartment building or build and keep the whole 15-unit project with great monthly cash flow. Come take advantage of this rare investment opportunity today.
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Stratford Real Estate
The median home value in Stratford, CT is $370,400. This is lower than the county median home value of $552,700. The national median home value is $338,100. The average price of homes sold in Stratford, CT is $370,400. Approximately 73.88% of Stratford homes are owned, compared to 19.25% rented, while 6.87% are vacant. Stratford 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 Stratford real estate agent to arrange a tour today!
Stratford, Connecticut 06614 has a population of 52,360. Stratford 06614 is less family-centric than the surrounding county with 24.91% of the households containing married families with children. The county average for households married with children is 34.39%.
The median household income in Stratford, Connecticut 06614 is $86,113. The median household income for the surrounding county is $101,194 compared to the national median of $69,021. The median age of people living in Stratford 06614 is 43.4 years.
Stratford Weather
The average high temperature in July is 82.6 degrees, with an average low temperature in January of 21.7 degrees. The average rainfall is approximately 47 inches per year, with 29.7 inches of snow per year.