11 David Street

Waterford CT 06385

2320 sq. ft.

0.39 ac.

Duplex

Currently for sale - view listing

Overview

A VERY RARE FIND! There has been only a handful of 3 families sold in Waterford over the years... but none as unique as this prior existing, non-conforming, grandfathered property. Located on a quiet cul-de-sac street of single family homes, this legal 3 family consists of two 2bd/1ba side by side units and a stand-alone 1 bed/1 ba cottage w/vaulted ceilings. Maximize your cash flow by renting all 3 units or live in one and still rent 2! Additional future value could also be added by finishing the duplex?s huge 2nd floor w/high ceilings. Large walkout basement w/laundry, tons of storage space and one side was once finished as a rec room w/kitchenette and bath (kit & ba in poor condition). Driveway is for Unit 9 and other units use on-street parking (room for additional driveway if town allows). Separate electric meters, 3 W/D hookups, electric heat in cottage, and duplex had shared oil heat, but owner was in the process of separating to install electric in 9. Unit 9 was mostly gutted, KIT-LR opened up, new electrical for kitchen layout, and some sheetrock. *PROPERTY TO BE PURCHASED W/CASH OR RENOVATION LOAN ONLY due to Unit 9's heat & plumbing not being hooked up and unit needing the bath, flooring & kitchen completed. Work done by licensed contractors and permits were pulled. *Tenants currently paying below market rent. *NOTE, THE STATE OF UNIT 9 WAS CONSIDERED WHEN PRICING THE PROPERTY. ASK FOR ASSISTANCE IF YOU ARE UNFAMILIAR W/RENOVATION LOANS. Agent/owner related.