12 days on market
Under Contract
More about this Property

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8 Sheephill Road, Greenwich CT 06878

Current Price: $1,199,000

4 beds 3 baths 2000 sq. ft

Last Update: 5/9/2024

Property Type: Multi-Family For Sale

Public Remarks

HIGHEST AND BEST BY 4/23/24 AT 5 pm. Welcome to a truly rare find - a unique 2-family home offering 4 separate incomes! This exceptional property presents a lucrative investment or owner occupant opportunity in a prime location, boasting not only two well-maintained residential units but also an additional building currently housing a successful restaurant, along with a detached 2-car garage that is already rented out for $400/mo. Each 2 bed 1 bath residential unit within the main house is currently occupied by excellent tenants and has been impeccably maintained, ensuring a steady stream of rental income. The additional building, currently home to a successful restaurant, adds an exciting dimension to this investment, providing a diverse income stream to the astute buyer. This property also offers ample room for increasing rental income, making it an enticing prospect for those seeking to maximize their return on investment. Conveniently set in a prime location, youll have easy access to essential amenities, schools, shopping, and more. Additionally, there may be a possibility to build another structure in place of the restaurant and garage. Buyer to do their own due diligence with zoning. Whether you are an experienced investor, developer, or owner-occupant looking to offset monthly payments with rental income, this property presents an exceptional opportunity to achieve your financial goals.

Current rent role is $6,500/mo. Recent rental activity would justify total rents of $8,000+/mo. Yearly expenses average $23,000. The garage is currently rented for $400/month. 1st floor lease expires September 30 2024. 2nd floor lease expires July 31 2024. Restaurant and garage are month to month.

Map to Property at 8 Sheephill Road, Greenwich CT 06878


GPS

Residential Property Information for 8 Sheephill Road, Greenwich CT 06878

MLS #: 24009699

Style: Units on different Floors

Color:

Total Rooms:

Bedrooms: 4

Bathrooms: 3

Acres: 0.21

Year Built: 1925 (Public Records)

New Construction: No/Resale

Home Warranty Offered:

Property Tax: $8,977

Zoning: R-7

Mil Rate:

Assessed Value: $771,470 

Potential Short Sale:

Square Footage: Estimated HEATED Sq.Ft. above grade is 2000; below grade sq feet total is ; total sq ft is 2000

Features
Laundry Location & Info: All Units Have Hook-Ups 
Fireplaces: 0
Basement Desc.: Full,Unfinished
Exterior Siding: Aluminum
Exterior Features: Porch,Gutters,Garden Area,Lighting
Foundation: Concrete
Roof: Asphalt Shingle
Parking Spaces: 2
Driveway Type: Paved
Garage/Parking Type: Detached Garage,On Street Parking,Off Street Parki
Swimming Pool: 0
Waterfront Feat.: Not Applicable
Lot Description: Corner Lot
Occupied: Tenant
Utility Information

Hot Water System 40 Gallon Tank

Heat Type: Hot Water

Fueled By: Natural Gas.

Cooling: Window Unit

Fuel Tank Location:

Water Service: Public Water Connected

Sewage System: Public Sewer Connected

School Information

Elementary: Per Board of Ed

Intermediate:

Middle:

High School: Greenwich

Marketing History

Current List Price: $1,199,000

Original List Price: $1,199,000

DOM: 12

Listing Date: 4/11/2024

Last Updated: 4/26/2024 4:13:12 PM