4 Capalbo PlGreenwich, CT 06807

This exceptional investment opportunity presents a six-unit apartment building located at 4 Capalbo Pl, Greenwich, CT 06807, in the desirable Cos Cob neighborhood. The property, built in 1960 and extensively renovated in 2022, boasts 5,772 square feet on a 15,246 square foot lot, with a substantial 7,534 square feet of net rentable space. The building comprises two structures, each two stories high, and includes a fully finished in-law suite in the basement, adding to its rental income potential. Currently operating at 100% occupancy, the property generates a pro-forma NOI of $188,000, translating to a compelling pro-forma cap rate of 6.27%. Each of the six units benefits from two designated off-street parking spaces, a total of eight spots. The property is zoned R6, offering potential for future development or reconfiguration to create larger, more lucrative units. The asking price is $2,999,000, representing a price per square foot of $519.58 and a price per unit of $499,833.33. This property offers significant upside potential for investors seeking a strong return in a prime Greenwich location. Separate utilities for each unit contribute to efficient management. Low taxes further enhance the investment appeal.