128 Grasmere Ave
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128 Grasmere Ave
4 Unit Apartment Building $1,050,000 ($262,500/Unit) 8.19% Cap Rate Fairfield, CT 06824
Investment Highlights
- Desirable Location
- Strong Rental Market
- Proximity to Local Colleges
- Transit Oriented Property
- Section 8 Opportunity
- Strong Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 128 Grasmere Avenue in Fairfield, Connecticut (the “Property”). The Property is improved by a one-story multi-family building containing four (4), 1-Bedroom/1- Bathroom units with 2,665 square feet of living area in 3,665 square feet of gross area on a 0.11-acre parcel. The Property also features a basement that consists of four (4) private storage units. 128 Grasmere Avenue is positioned along a quiet tree-lined street in a residential neighborhood in the east end of Fairfield. The Property is seconds from US Route 1, and Post Road/Fairfield Avenue, two of the area’s primary commercial and commuter corridors and enjoys convenient access to the retailers and restaurants, schools, parks and recreation areas, and public beaches. The Property is within walking distance of several municipal bus stops and the Fairfield-Black Rock Train Station and is close to area highways (Interstate 95 and CT Routes 8 & 15). 128 Grasmere Avenue is within 5-miles of four colleges and universities and is close to the area’s largest cities (Bridgeport, Norwalk, Stamford and New Haven) which provide access to additional cultural and entertainment centers, and major employers.
Property Facts
Price | $1,050,000 | Property Subtype | Apartment |
Price Per Unit | $262,500 | Lot Size | 0.11 AC |
Sale Type | Investment | Building Size | 3,665 SF |
Cap Rate | 8.19% | Average Occupancy | 100% |
No. Units | 4 | No. Stories | 1 |
Property Type | Multifamily | Year Built | 1919 |
Price | $1,050,000 |
Price Per Unit | $262,500 |
Sale Type | Investment |
Cap Rate | 8.19% |
No. Units | 4 |
Property Type | Multifamily |
Property Subtype | Apartment |
Lot Size | 0.11 AC |
Building Size | 3,665 SF |
Average Occupancy | 100% |
No. Stories | 1 |
Year Built | 1919 |
Walk Score ®
Very Walkable (79)
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128 Grasmere Ave
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