137 Spring St

Naugatuck, CT 06770

$280,000
Last Sold Price
12
Beds
5,634 Sq. Ft.
$50 / Sq. Ft.
5,634
Sq. Ft.
$50
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Closed 5/30/19
Closed 5/30/19

Description

Fantastic Investment Opportunity with an 11% Cap Rate! All units leased with very low tenant turnover, with nearly all renting for multiple years now. Potential for higher rents exists. The home features newer siding, newer windows, all ranges, refrigerators and hot water heaters replaced in the last 5-6 years. Roof replaced with rubber membrane. The 2 first floor units are heated with gas hot air. The remaining upper units are electric heat. All separate electric and gas utilities are the responsibility...Fantastic Investment Opportunity with an 11% Cap Rate! All units leased with very low tenant turnover, with nearly all renting for multiple years now. Potential for higher rents exists. The home features newer siding, newer windows, all ranges, refrigerators and hot water heaters replaced in the last 5-6 years. Roof replaced with rubber membrane. The 2 first floor units are heated with gas hot air. The remaining upper units are electric heat. All separate electric and gas utilities are the responsibility of the tenants. Water and trash removal service provided by owner. There is separate owner responsible electric service for common areas within the building. ALL offers are considered for review and negotiation.
  1. Listed by Nicolette O'toole • Nickie Otoole Realty LLC
    P: (203)-710-6185 C: (203)-710-6185 realestate@nickieotoole.com

Property Details for 137 Spring Street

Basement Description
Full, Dirt Floor, Hatchway Access
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Style
Units on different Floors
Garage Parking Info
On Street Parking
Swimming Pool
No
LISTING CLOSED: 05/30/2019 12:00 AM

Property Details for 137 Spring Street

StatusClosed
MLS #170157707
Days on Market98
Taxes$11,311 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1900
Lot Size0.09 AC / 3,920 SF
CountyNew Haven County
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Location

Listing Courtesy of Nickie Otoole Realty LLC, Nicolette O'toole

Sold By eXp Realty, Jason J Arcuri

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Building Information for 137 Spring Street

Stories-Residences6Year Built1900Building Size-Lot Size0.09 AC / 3,920 SF

Payment Calculator

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$2,366 per month

30 year fixed, 6.55% Interest

Principal and Interest

$1,423

Property Taxes

$943

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 137 Spring Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: Bridge St (Rt 68) to Spring St corner Spring and Andrew
  • Elementary School: Per Board of Ed
  • High School: Naugatuck
  • Latitude: 41.503086
  • Longitude: -73.053439
  • Middle Jr High School: City Hill
  • Neighborhood Amenities: Park, Public Transportation, Shopping/Mall, Walk to Bus Lines
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2018-June 2019
  • Property Tax: $11,311
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Baseboard, Hot Air
  • Attic YN: No
  • Laundry Room Info: None
  • Rooms Total: 24
Property
Property and Assessments
  • Color: yellow/cream
  • Construction Description: Frame
  • Driveway Type: None
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • Fuel Tank Location: Non Applicable
  • Gross SQFT Per Public Records: 7872
  • New Construction Type: No/Resale
  • Roof: Flat, Other
  • Year Built: 1900
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Est Heated Below Grade: 0
  • Living Area SQFT Per Public Records: 5634
Lot Information
  • Lot Description: Corner Lot
  • Parcel Number: 2264934
  • Sq Ft Est Heated Above Grade: 5634.0
  • Sq Ft Total: 5634.0
  • Zoning: C
Utilities
  • Heat Fuel Type: Electric, Natural Gas
  • Hot Water Description: 30 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 18911
  • Gross Annual Income: 52200
  • Net Operating Income: $33,289
  • Occupied By: Tenant
  • Total Number of Units: 6
  • Total Rooms Multi Family: 24
Building Details
  • Unit Count: 6
Unit 1
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $725
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $800
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $600
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $775
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $725
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 6
  • Lease: Leased
  • Unit Appliances: Gas Range,Refrigerator
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 01-22-2019
  • Unit Monthly Rent: $725
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Property History for 137 Spring Street

DateEvent & SourcePriceAppreciation
Jun 6, 2019

Closed (Public Record)

Public Record #646867833

$273,000—
Jun 6, 2019

Closed (Public Record)

Public Record #1317527556

$273,000

-0.7% / yr

Jul 26, 2010

Closed (Public Record)

Public Record #294578494

$290,000

+10.3% / yr

DateEvent & SourcePrice
06/06/2019

Closed (Public Record)

Public Record #646867833

$273,000
06/06/2019

Closed (Public Record)

Public Record #1317527556

$273,000

-0.7% / yr

07/26/2010

Closed (Public Record)

Public Record #294578494

$290,000

+10.3% / yr

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 137 Spring Street

Taxable ValueLand$29,540Additions$325,570Total$355,110
Tax Record2024$14,130 ($1,178 / month)
Home Facts
Baths8Total Finished SqFt5,634 SqFtAbove Grade Finished SqFt5,634 SqFtUnfinished Basement SqFt1,878 SqFtStories3Lot Size3,920 SqFtStyleMulti-Family Res (5+ Units)Year Built1900ZoningRA1CountyNAUGATUCK VALLEYAPNNAUG M:069 L:5810

Schools near 137 Spring Street

This home is within Naugatuck School District.
Rating
School
Type
Grades
Distance
Hop Brook Elementary School
Public - K to 4
City Hill Middle School
Public - 7 to 8
Naugatuck High School
Public - 9 to 12
Hillside Intermediate School
Public - 5 to 6
Rating
School
Distance
Hop Brook Elementary School
PublicK to 4

City Hill Middle School
Public7 to 8

Naugatuck High School
Public9 to 12

Hillside Intermediate School
Public5 to 6

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Neighborhood Map and Transit

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Nickie Otoole Realty LLC, Nicolette O'toole

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.