About This Home

This 4-bedroom, 2-bathroom residential multi family at 241 Old Stratfield Road in Fairfield, CT is listed for $725,000 ($476 per sqft). Built in 1909, the home offers 1,524 sqft of living space on a 0.06 acres lot.

Key Features

  • Built in 1909
  • 0.06 acre lot

Property Details

2 full
1909

Amenities

A/C
Listing Description

!!!ASSUMABLE 3% VA LOAN - APPROX. $468,000 BALANCE!!! A rare opportunity to secure a substantial portion of your financing at just 3% on this fully renovated Fairfield two-family! Current rents total $4,650/month and are believed to be below market, creating a compelling opportunity for owner-occupants and investors alike.

Live in one unit and let the other help offset your housing costs or add a turnkey income-producing property to your portfolio. Completely renovated and thoughtfully updated from top to bottom, the home features a 1 bedroom, 1 bath first-floor apartment & a 3 bedroom, 1 bath apartment spanning the 2nd & 3rd floors.

Both units offer updated kitchens with quartz countertops, custom white cabinetry, stainless steel appliances and designer tile backsplashes, along with renovated baths, crown molding, recessed lighting, updated flooring and neutral contemporary finishes.

The upper unit includes flexible living space, a dedicated office/flex room and walk-in closet. Instant hot water heaters & extensive renovation work offer added efficiency & peace of mind for years to come. Outside, enjoy a covered front porch, multi-level rear decks, & a fully fenced backyard with fire pit area w/cafe lighting.

Convenient to schools, shopping, restaurants, parks, Metro-North &major commuting routes. Current rents: $1,925 for the 1BR & $2,725 for the 3BR. Loan assumption subject to servicer approval & buyer qualification. !!!ASSUMABLE 3% VA LOAN - APPROX. $468,000 BALANCE!!!

Monthly Cost Estimate

$3,877/mo

20% down · 6.5% · 30 years

Principal$524
Interest$3,142
Insurance$211

Estimates only. Actual payments may vary.

Location

241 Old Stratfield Road

Fairfield, CT 06825

Features & Amenities

Exterior Features

Porch,Deck,Gutters,Garden Area,Lighting

Property Details

Outdoor Features

Porch

Heating

Hot Water(Heating)

Cooling

Window Unit(s)

Questions & Answers

This 4-bedroom, 2-bathroom residential multi family at 241 Old Stratfield Road is listed at $725,000 ($476/sqft). The estimated monthly payment is $3,877 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1909, 0.06 acre lot. Exterior Features: Porch,Deck,Gutters,Garden Area,Lighting.

This property is listed by Andrei Balaj.

AB

Andrei Balaj

Agent at Higgins Group Real Estate

Listed by Higgins Group Real Estate · Broker phone: (203) 254-9000 · View on Broker Site · Broker website

MLS# 24176561· Source: SmartMLS, Inc.· 154 days on PropertySimple

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241 Old Stratfield Road, Fairfield, CT 06825

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