Welcome to 19 Ryan Street - a unique opportunity with MG Zoning, a rarity in Stamford. This property features a versatile 2-bay garage and single-family home situated on a . 13 acre lot. The single-family home includes 2 bedrooms and 1 bathroom within its 978 square feet of living space. While the home is in need of repair, it presents an excellent canvas for customization, or further use of the lot. Currently, the home is rented month-to-month for $1400, providing immediate rental income. The standout feature of this property is the impressive 2-bay garage. Equipped with phase 3 power, 14-foot ceilings, propane heat, air-conditioning, and office space, this garage is ideal for landscapers, welders, auto shops, laundromat, and a plethora of many more industrial/ commercial uses. The garage and parking space are rented month-to-month for $2800, adding to the property's income potential. The property also includes a storage container, which is included. With both structures rented below market rent, there is significant potential for rental increase. All buyers to verify all listing details, building specifications, and zoning usage. Don't miss this rare find with versatile zoning and multiple income streams!
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.952.8600
Joseph.Mollica@raveis.com
NMLS Mortgage Loan Originator ID 130058
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $680,000 | $680,000 | $680,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.125% | 6.000% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.951% | 6.108% | 5.805% |
Monthly Tax Payment | $666 | $666 | $666 |
H/O Insurance Payment | $92 | $92 | $92 |
Initial Principal & Interest Pmt | $3,703 | $4,077 | $5,601 |
Total Monthly Payment | $4,461 | $4,835 | $6,359 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.