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$599,000
Est. payment /mo
4 Beds
3 Baths
1,707 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Under Contract
Purchase Type For Sale
Square Footage 1,707 sqft
Price per Sqft $350
MLS Listing ID 24158546
Style Units are Side-by-Side
Bedrooms 4
Full Baths 2
Half Baths 1
Year Built 1942
Annual Tax Amount $7,191
Lot Size 10,454 Sqft
Property Sub-Type 2 Family
Property Description
Opportunity meets lifestyle in Milford! This side-by-side two-family property offers the rare combination of strong rental income, flexible living options, and close proximity to the shoreline. Whether you're an investor seeking reliable cash flow or a buyer looking to offset your mortgage with rental income, this property delivers. Featuring two units: a three-bedroom, one-and-a-half-bath currently generating $3,100 per month, and a one-bedroom, one-bath unit rented for $1,500 per month. Both units have private entrances, separate utilities, in-unit washer and dryers, and tenants pay all utilities except water and sewer, creating an efficient investment setup. With some cosmetic updates, there may also be an opportunity to further enhance the property and increase rental income over time. Situated on a generous 0.24-acre lot with off-street parking and an unfinished basement offering additional storage, the property provides both practicality and long-term upside. Existing leases are in place through April 2026 and September 2026, offering immediate and stable rental income. Just under a mile from Silver Sands State Park and Walnut Beach, and only a half mile to Post Road shopping, restaurants, and everyday amenities. Easy access to major commuting routes including I-95 further enhances the appeal. A rare opportunity to own a well-located multifamily property in one of Milford's most desirable shoreline communities.
Location
State CT
County New Haven
Zoning Sfa-10
Rooms
Basement Full, Unfinished
Interior
Heating Hot Water
Cooling None
Exterior
Waterfront Description Beach Rights
Roof Type Asphalt Shingle
Building
Lot Description Treed, Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Schools
Elementary Schools Per Board Of Ed
High Schools Per Board Of Ed
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Listed by Holly Bryda • Compass Connecticut, LLC
Nearby Locations
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