11 Limerick Street, Stamford, CT 06902

This is not an investor property but perfect for a small contractor. The value-in-use is there for a landscaper, arborist excavator etc. who will use the garage and parking. 6-family with 1,600 SF concrete block garage (clear span, 10' interior height), large paved parking lot behind the building on dead end in the Cove area of Stamford. Easily run a quiet business out of the garage and hide a bobcat; trailer or tri-axle back there too. Bonus: basement unit adds a little more income, and two additional residential units can be added over the garage or on the end of the existing 6-family structure. Rents are a little low on some of the units. Expenses estimated at 30% of gross income. All utilities are separate and paid by tenants except taxes, insurance, common area lights and water/sewer. Taxes are only $11,500 so 30% expense ratio may be high. Building is rentable the way it is but needs TLC over time.