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    9 Mohawk Avenue

    Derby, CT 06418
    • $290,000
    • STATUS: Active Under Contract
    • ON SITE: 35 days
    • MLS #: 170367266
    Under Contract
    UPDATED: 18 min ago
    $290,000
    • 7
      BEDS
    • 0.23
      ACRES
    • 3
      BATHS
    • 9
      1/2 BATHS
    • 2,894
      SQFT
    • $100
      $/SQFT
    Neighborhood:
    N/A
    Type:
    Multi-Family
    Built:
    1953
    County:
    Area:

    School Information

    Elementary School:
    High School:

    Description

    3-Family Investment Property. Gross income $35,400. 2nd floor has 3 bedrooms and is under market rent, has the potential of 1200-1300 per month. if and WHEN the cap rate on this would be at 10.37%. as it stands now it's 8.54% +/-. and cash on cash return of 14.84% +/- at a 25% down payment. all numbers should be independently verified. We are honestly are doing the best we can with estimating water/sewer/insurance. we have a spreadsheet attached with income/expense and will have actual receipts on request for interested buyers. this property has a driveway for off-street parking. Natural Gas and public utilities. the 1st floor is a very large 2 bedroom updated unit at 1200 per month. the second floor is a 3 bedroom unit with a long term tenant at 825 and the 3rd-floor unit is 2 bed at 925 per month. tenant on the first floor has a lease until 5/1 all others are month to month.

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    © 2021 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Around Town Real Estate Team | Keller Williams. Data last updated: 2021-02-25T00:09:53.513.
    www.thearoundtownteam.com/homes/113455160
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    9 Mohawk Avenue Derby, CT 06418

    • Price: $290,000
    • Status: Active Under Contract
    • Updated: 18 min ago
    • MLS #: 170367266
    7
    Beds
    3
    Baths
    9
    ½ Baths
    0.23
    Acres
    2,894
    SQFT
    $100
    $/SQFT
    1953
    Built
    Neighborhood:
    N/A
    County:
    New Haven
    Area:
    Derby
    Elementary School:
    per board of ed
    High School:
    per board of ed
    Property Description
    3-Family Investment Property. Gross income $35,400. 2nd floor has 3 bedrooms and is under market rent, has the potential of 1200-1300 per month. if and WHEN the cap rate on this would be at 10.37%. as it stands now it's 8.54% +/-. and cash on cash return of 14.84% +/- at a 25% down payment. all numbers should be independently verified. We are honestly are doing the best we can with estimating water/sewer/insurance. we have a spreadsheet attached with income/expense and will have actual receipts on request for interested buyers. this property has a driveway for off-street parking. Natural Gas and public utilities. the 1st floor is a very large 2 bedroom updated unit at 1200 per month. the second floor is a 3 bedroom unit with a long term tenant at 825 and the 3rd-floor unit is 2 bed at 925 per month. tenant on the first floor has a lease until 5/1 all others are month to month.
    Exterior Features

    Color Yellow Construction Description Frame Exterior Siding Vinyl Siding Foundation Type Block Lot Description City ViewsCorner Lot Roof Information Asphalt Shingle Style 3Updown - Unit(S) Per Floor Waterfront Description Not Applicable

    Interior Features

    Attic Yn No Basement Description Hatchway Access Cooling System None Heat Type Hot Air Hot Water Description Natural Gas

    Property Features

    Bank Owned Property Yn No Direct Waterfront Yn No Fuel Tank Location Non Applicable Garage Parking Info Driveway Heat Fuel Type Natural Gas Hoa Yn No Laundry Room Info Washer/Dryer All Units New Construction Type No/Resale Possession Availability 0-60 Potential Short Sale Yn No Property Sub Type 3 Family Property Tax 5690 Sewage System Public Sewer Connected Sign Yn No Swimming Pool Yn No Water Source Public Water Connected Zoning R-5

    Listing information © 2021 Smart MLS
    Listing provided courtesy of Joseph Martino of Joseph Martino Real Estate.


    © 2021 Smart MLS. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Around Town Real Estate Team | Keller Williams. Data last updated: 2021-02-25T00:09:53.513.
     
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    Around Town Real Estate Team | Keller Williams
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    Newtown CT, 06470