44 Gerry St Greenwich, CT 06830
- Residential income homes
- 2,268 SF
- 0.12 lot acres
Current Use by Public Records
- Residential income homes
Property Details for 44 Gerry St
- Year built
- 1958
- Lot size
- 0.12 lot acres
- Property size
- 2,268 SF
- Property type
- Residential income homes
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Greenwich
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.6426562
- Latitude
- 41.0160764
