51-53 Locust Avenue

Danbury, CT 06810

$1,200,000
Price
8
Beds
6
Baths
1
1/2 Bath
6,588 Sq. Ft.
$182 / Sq. Ft.
6,588
Sq. Ft.
$182
per Sq. Ft.

Description

Newly Renovated Units with an Additional Lease and Increases in Rental Income. Investors take notice! Rare opportunity to own 2 turn-key income producing properties. Side by side properties include a retail space and a detached 2 car garage in back of #51. All units have separate updated utilities. Rents are still below market value. Both properties are being sold together and also listed/offered separately.Newly Renovated Units with an Additional Lease and Increases in Rental Income. Investors take notice! Rare opportunity to own 2 turn-key income producing properties. Side by side properties include a retail space and a detached 2 car garage in back of #51. All units have separate updated utilities. Rents are still below market value. Both properties are being sold together and also listed/offered separately.
  1. Listed by Joseph M Perun • Perun Properties
    P: (203) 313-5197 C: (203) 313-5197 josephmperun@yahoo.com

Property Details for 51-53 Locust Avenue

Basement Description
Full, Storage, Full With Hatchway
Direct Waterfront
No
Garages Number
2
Neighborhood
Germantown
Style
Units on different Floors
Garage Parking Info
Detached Garage, Paved, Off Street Parking
Swimming Pool
No

Location

Listing Courtesy of Perun Properties, Joseph M Perun
Add your commute
LISTING UPDATED: 04/30/2024 03:27 PM

Property Details for 51-53 Locust Avenue

StatusActive
MLS #170610825
Days on Market115
Taxes$12,080 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / Other
Year Built1925
Lot Size0.17 AC / 7,405 SF
CountyFairfield County

Location

Listing Courtesy of Perun Properties, Joseph M Perun
Add your commute

Building Information for 51-53 Locust Avenue

Stories-Residences6Year Built1925Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$7,556 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,549

Property Taxes

$1,007

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 51-53 Locust Avenue

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: On Corner of Locust Avenue and Osborne Street
  • Elementary School: Per Board of Ed
  • High School: Danbury
  • Intermediate School: Per Board of Ed
  • Latitude: 41.403438
  • Longitude: -73.442013
  • Middle Jr High School: Per Board of Ed
  • Neighborhood Amenities: Basketball Court, Commuter Bus, Health Club, Lake, Medical Facilities, Park, Public Transportation, Shopping/Mall
  • State: Connecticut
Parking
  • Parking Total Spaces: 8
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2023-June 2024
  • Property Tax: $12,080
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: Porch-Enclosed
  • Waterfront Description: Not Applicable
Interior Features
  • Attic Description: Access Via Hatch
  • Cooling System: None
  • Heat Type: Radiator
  • Attic YN: Yes
  • Laundry Room Location: Basement of #53
  • Rooms Total: 20
Property
Property and Assessments
  • Color: White
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1925
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Sq Ft Est Heated Below Grade: 1988
Lot Information
  • Lot Description: Corner Lot
  • Parcel Number: 999999999
  • Sq Ft Est Heated Above Grade: 4600.0
  • Sq Ft Total: 6588.0
  • Zoning: RM12
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, 100 Gallon Tank
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 31000
  • Gross Annual Income: 114420
  • Net Operating Income: $82,420
  • Occupied By: Tenant
  • Total Number of Units: 6
  • Total Rooms Multi Family: 20
Building Details
  • Unit Count: 6
Unit 1
  • Lease: Leased
  • Lease Expires: 07-31-2024
  • Listing Key: 0B28E24BCDEE6A89E063D501100AE9B9
  • Unit Appliances: Electric Range,Refrigerator
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Modified Date: 04-30-2024
  • Unit Monthly Rent: $1,800
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant
Unit 2
  • Lease: Leased
  • Lease Expires: 01-31-2027
  • Listing Key: 0B28E24BCDEE6A89E063D501100AE9B9
  • Unit Average Sq Ft: 1200
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Half Baths: 1
  • Unit Modified Date: 04-30-2024
  • Unit Monthly Rent: $3,000
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Lease Expires: 02-28-2025
  • Listing Key: 0B28E24BCDEE6A89E063D501100AE9B9
  • Unit Appliances: Electric Range,Microwave,Range Hood
  • Unit Entry Order: 6
  • Unit Full Baths: 1
  • Unit Modified Date: 04-30-2024
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Lease Expires: 10-31-2024
  • Listing Key: 0B28E24BCDEE6A89E063D501100AE9B9
  • Unit Appliances: Electric Range,Range Hood,Refrigerator
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 04-30-2024
  • Unit Monthly Rent: $1,200
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 5
  • Lease: Monthly
  • Listing Key: 0B28E24BCDEE6A89E063D501100AE9B9
  • Unit Appliances: Electric Range,Refrigerator
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 04-30-2024
  • Unit Monthly Rent: $1,400
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 3
  • Unit Occupied By: Tenant
Unit 6
  • Lease: Monthly
  • Listing Key: 0B28E24BCDEE6A89E063D501100AE9B9
  • Unit Appliances: Electric Range,Range Hood,Refrigerator
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 04-30-2024
  • Unit Monthly Rent: $600
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 2
  • Unit Occupied By: Tenant

Schools near 51-53 Locust Avenue

This home is within Danbury School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ellsworth Avenue School
PublicK to 5

Broadview Middle School
Public6 to 8

Danbury High School
Public9 to 12

Alternative Center For Excellence
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.

Similar Homes

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51-53 Locust Avenue is a multi-family home for sale in Danbury, CT 06810. This property was listed for sale on November 27, 2023 by Perun Properties, it's currently listed at $1,200,000. This listing's school district is Danbury School District. Nearby schools include Ellsworth Avenue School, Broadview Middle School and Danbury High School. 51-53 Locust Avenue is a 8-bed, 6.5-bath, 6,588 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Perun Properties, Joseph M Perun

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.