62 Sherwood PlGreenwich, CT 06830

Property Details for 62 Sherwood Pl

Year built

2006

Lot size

0.23 AC

Property size (Sq ft)

2,304 SF

Property type

Investment properties

Property subtype

Multifamily properties

Description

This exceptional, 2,304 square foot, three-story townhome in downtown Greenwich, Connecticut represents a prime investment opportunity. Built in 2006 and renovated in 2023, this Class A property boasts a 100% occupancy rate with a strong, long-term tenant in place, paying $11,500 per month until May 2026. The property features three bedrooms and 2.5 bathrooms, with the potential for a fourth bedroom in the finished lower level. High-end finishes include 9-foot ceilings, crown molding, hardwood floors, a gourmet kitchen with top-of-the-line appliances, and a breakfast bar. Outdoor amenities include a stone terrace and a fenced wrap-around lawn. The lower level, complete with radiant floors and a fireplace, offers versatile space ideal for a family room, home office, or even a golf simulator. The primary suite features a walk-in closet and a luxurious bathroom, while the other two bedrooms share an ensuite bath with double vanities. Located on a 0.23-acre lot in a desirable R-6 zoned area, this property is seconds away from Greenwich Avenue, top-rated public and private schools, and a hospital. The current Net Operating Income (NOI) is $117,948, resulting in a 5.63% cap rate. The asking price is $2,095,000, with an HOA fee of $480 per month covering landscaping, snow removal, and trash removal. The tenant pays all utilities. This is a truly turnkey investment opportunity with significant upside potential.

Location Insight

City

Greenwich

County

Fairfield

State

Connecticut

Latitude

41.0352

Longitude

-73.6262

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