21-81 Ridgeland Road

Closed 11/24/21
Closed 11/24/21
21 Ridgeland Rd.
Sold
Last Sold Price
$1,450,000
32 beds12,672 sqft
21-81 Ridgeland Rd, Wallingford, CT 06492
Multi FamilyProperty Type
2.36 acresLot Size
1952Year Built
$114/sq ftPrice per sq ft

Description

Investors take notice You are buying a portfolio of 4 buildings with a total of 16 units. i.e. 21, 41, 61, and 81 Ridgeland Rd. All 16 units are currently rented. (The property is being sold as a package; so, please don't ask if the owner will sell them separately). Each building has 4 units. Each unit is a townhouse style design. Each unit has a separate entrance, a kitchen, a living room, 2 bedrooms, a full bathroom, and a full basement. Each unit is heated by oil hot water baseboard; further,...Investors take notice You are buying a portfolio of 4 buildings with a total of 16 units. i.e. 21, 41, 61, and 81 Ridgeland Rd. All 16 units are currently rented. (The property is being sold as a package; so, please don't ask if the owner will sell them separately). Each building has 4 units. Each unit is a townhouse style design. Each unit has a separate entrance, a kitchen, a living room, 2 bedrooms, a full bathroom, and a full basement. Each unit is heated by oil hot water baseboard; further, each unit has it's own oil fired boiler and oil tank. Each unit also has its own electric meter. There is 1 water meter per building. The cost of the water is apportioned equally among the tenants who live in each building. In essence, the tenants pay their own oil, electric, and water. All 4 properties are located in a long established PUD; however, there is no monthly HOA fee. The development is located in a quiet suburban location that's close to highways, shopping, and schools. With a little effort on cosmetics, you could achieve over a 10% CAP rate.
  • Listed by: Kevin Danby 203.213.1122 kdanby@yahoo.com • Clermont Real Estate
  • Listed by: Robert N Clermont 203.675.6902 rob@valuequestappraisal.com • Clermont Real Estate
Listing closed: 11/24/2021 12:00 AM • Source: SMARTMLS, MLS#: 170420710

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Recent comparable sales

Median sold price

$676,000

Avg days on market

31

Sale-to-list ratio

92.5%

Wallingford, CT

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Location

Listing Courtesy of Clermont Real Estate, Kevin Danby; Clermont Real Estate, Robert N Clermont

Sold By BB Realty CT, Tommy Li

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Property Taxes

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Property Information for 21-81 Ridgeland Road

Property Details
  • Taxes: $20,372 / year
  • MLS Type: Multi-Family / 5 Family+
  • County: New Haven County
  • Basement Description: Full
  • Direct Waterfront: No
  • Garages Number: 0
  • Style: Other
  • Garage Parking Info: Paved, On Street Parking
  • Swimming Pool: No
Building Information
  • Residences: 16
  • Year Built: 1952
  • Lot Size: 2.36 AC / 102,801 SF
Summary
Property and Location
  • Acres Source: Public Records
  • Directions: GPS Friendly
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.479633
  • Longitude: -72.830472
  • Neighborhood Amenities: Lake, Library, Medical Facilities, Park, Shopping/Mall
  • State: Connecticut
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2020-June 2021
  • Property Tax: $20,372
Interior and Exterior Features
Exterior Features
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: None
  • Heat Type: Hot Water, Radiator
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: Basement Hook-Up(s)
  • Rooms Total: 64
Property
Property and Assessments
  • Construction Description: Frame
  • Driveway Type: Paved
  • Exterior Siding: Shake
  • Foundation Type: Concrete
  • Fuel Tank Location: In Basement
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1952
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Secluded, Lightly Wooded
  • Parcel Number: 999999999
  • Sq Ft Est Heated Above Grade: 12672.0
  • Sq Ft Total: 12672.0
  • Zoning: R-18
Utilities
  • Heat Fuel Type: Oil
  • Hot Water Description: 30 Gallon Tank, Electric
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 92852
  • Gross Annual Income: 158890
  • Net Operating Income: $66,038
  • Occupied By: Tenant
  • Total Number of Units: 16
  • Total Rooms Multi Family: 64
Building Details
  • Unit Count: 2
Unit 1
  • Lease: Leased
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 07-17-2021
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Monthly
  • Unit Entry Order: 2
  • Unit Full Baths: 15
  • Unit Half Baths: 0
  • Unit Modified Date: 07-17-2021
  • Unit Num Bedrms: 30
  • Unit Num Rooms: 60
  • Unit Occupied By: Tenant

Schools near 21-81 Ridgeland Road

This home is within Wallingford School District.
Rating
School
Type
Grades
Distance
Evarts C. Stevens School
Public - PK to 2
Parker Farms School
Public - 2 to 5
James H. Moran Middle School
Public - 6 to 8
Mark T. Sheehan High School
Public - 9 to 12
Rating
School
Distance
Evarts C. Stevens School
PublicPK to 2

Parker Farms School
Public2 to 5

James H. Moran Middle School
Public6 to 8

Mark T. Sheehan High School
Public9 to 12

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.

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Nearby home values

AddressSold priceBedsBathsSqftLot (Sqft)
This home: 21-81 Ridgeland Road, Wallingford, CT 06492
$1,450,000
32
12,672
102,801
21 Ridgeland Road, Wallingford, CT 06492
–
–
4.5
3,168
25,700
101 Ridgeland Road, Wallingford, CT 06492
–
–
4
3,168
25,700
41 Ridgeland Road, Wallingford, CT 06492
$157,500
–
4
3,168
25,700
111 Ridgeland Road, Wallingford, CT 06492
$233,000
–
4
3,168
25,700
81 Ridgeland Road, Wallingford, CT 06492
–
–
4
3,168
25,700

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Listing Courtesy of Clermont Real Estate, Kevin Danby; Clermont Real Estate, Robert N Clermont

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.