44 Gerry St Greenwich, CT 06830

This exceptional Greenwich, Connecticut property presents a unique investment opportunity. Located at 44 Gerry St, 06830, this 2-story, 2,268 square foot home sits on a 0.12-acre lot in a highly desirable R-6 Multi-Family zone. Built in 1958, the property offers immediate cash flow potential with a current pro-forma NOI of $49,544 and a 5.08% pro-forma cap rate. The asking price is $975,000, representing a price per square foot of $429.89. Currently configured as a single-family residence, the home boasts three bedrooms and one bathroom on the main level, along with a spacious living and dining area featuring a fireplace, and a kitchen opening onto a terrace and yard. A finished lower level provides additional living space, ideal for an in-law suite, home office, or playroom, complete with a second fireplace, wet bar, and a two-car tandem garage. The property's zoning allows for conversion into a multi-unit dwelling, offering significant future development potential, with a maximum buildable square footage of 2,971 square feet. This presents a compelling opportunity for both immediate income generation and long-term value appreciation in a prime Fairfield County location. The property is impeccably maintained and situated on a quiet dead-end street.