491 Knapps Highway

Fairfield, CT 06825 Directions
$449,000
  • 2Bed
  • 2Baths
  • 1,400Sqft
  • 0.1Acres
  • 1919Built
  • MckinleyElementary

Property Highlights

  • Jr. High School: Tomlinson
  • High School: Fairfield Warde
  • Neighborhood: Tunxis Hill
  • Price/Sqft: $321
  • Days on Market: 7
  • MLS: 170498848

Great Opportunity For Investors!

Property Highlights

  • Jr. High School: Tomlinson
  • High School: Fairfield Warde
  • Neighborhood: Tunxis Hill
  • Price/Sqft: $321
  • Days on Market: 7
  • MLS: 170498848

Two family in Fairfield. Conveniently located by public transportation, as well as all the shops, restaurants and more that Black Rock Turnpike has to offer. Two one bedroom units. Each unit has space on both the main floor and the lower level. The lower level is technically a basement, but both units' lower level space are walk outs with an entry/exit door on the lower level, in addition to one on the upper/main level. The front unit is primarily on the upper level/main floor. It offers an enclosed porch, spacious kitchen, bedroom and living room, all with hardwood floors. Bathroom with tiled floor, granite countertop and tub shower. Laundry...

Great Opportunity For Investors!

Property Highlights

  • Jr. High School: Tomlinson
  • High School: Fairfield Warde
  • Neighborhood: Tunxis Hill
  • Price/Sqft: $321
  • Days on Market: 7
  • MLS: 170498848

Two family in Fairfield. Conveniently located by public transportation, as well as all the shops, restaurants and more that Black Rock Turnpike has to offer. Two one bedroom units. Each unit has space on both the main floor and the lower level. The lower level is technically a basement, but both units' lower level space are walk outs with an entry/exit door on the lower level, in addition to one on the upper/main level. The front unit is primarily on the upper level/main floor. It offers an enclosed porch, spacious kitchen, bedroom and living room, all with hardwood floors. Bathroom with tiled floor, granite countertop and tub shower. Laundry room and large storage room in lower level. The back unit is split evenly between the main level and the lower level. It offers a kitchen, living room, Office, bedroom and full bathroom. It also has a storage room/laundry room on the lower level. A 420 square foot garage is rented for an additional $250 per month. The garage lease expires at the end of this month. Front unit in yearly lease. Back unit in month to month lease. In total, $40,800 a year in gross income. Expenses are minimal. Current owner renovated both units in 2018. Insurance, maintenance and repairs cost roughly $2,600 per year. 8.5% Cap Rate based off the ask price not including taxes. Neither unit has had a single vacant day since it was first rented in 2018. There is a massive demand for lower priced 1 bedroom rentals in Fairfield. Great opportunity for investors.

Great Opportunity For Investors!

Two family in Fairfield. Conveniently located by public transportation, as well as all the shops, restaurants and more that Black Rock Turnpike has to offer. Two one bedroom units. Each unit has space on both the main floor and the lower level. The lower level is technically a basement, but both units' lower level space are walk outs with an entry/exit door on the lower level, in addition to one on the upper/main level. The front unit is primarily on the upper level/main floor. It offers an enclosed porch, spacious kitchen, bedroom and living room, all with hardwood floors. Bathroom with tiled floor, granite countertop and tub shower. Laundry room and large storage room in lower level. The back unit is split evenly between the main level and the lower level. It offers a kitchen, living room, Office, bedroom and full bathroom. It also has a storage room/laundry room on the lower level. A 420 square foot garage is rented for an additional $250 per month. The garage lease expires at the end of this month. Front unit in yearly lease. Back unit in month to month lease. In total, $40,800 a year in gross income. Expenses are minimal. Current owner renovated both units in 2018. Insurance, maintenance and repairs cost roughly $2,600 per year. 8.5% Cap Rate based off the ask price not including taxes. Neither unit has had a single vacant day since it was first rented in 2018. There is a massive demand for lower priced 1 bedroom rentals in Fairfield. Great opportunity for investors.

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  • Additional Information
    • Days On Market: 7
    • Elementary School: McKinley
    • Garage Count: 2
    • Gross Income: 40800
    • Handicap Features: Multiple Entries/Exits
    • High School: Fairfield Warde
    • Junior High School: Tomlinson
    • Living Area SqFt: 1,400
    • Neighborhood: Tunxis Hill
    • Sewer: Public Sewer Connected
    • Style: Units on different Floors, Units are Side-by-Side
    • Subtype: 2 Family
    • Tax Amount: $6,238
    • Tax Year: July 2021-June 2022
    • Type: Multi-Family For Sale
    • Unit Count: 2
    • Year Built: 1919
  • Interior/Exterior Features
    • Air Conditioning: Window Unit
    • Beds: 2
    • Cooling: Window Unit
    • Exterior Siding: Wood, Stucco
    • Full Baths: 2
    • Heat: Baseboard
    • Laundry Room: Washer/Dryer All Units

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