50 High Wallingford CT 06472 MLS #24098609

This updated legal two-family Colonial on a 3/4-acre lot presents an exceptional investment opportunity, with a solid cap rate of 7.9%. Situated in a highly desirable neighborhood surrounded by expensive single-family homes, this multi-family asset stands out as a solid addition to any portfolio. Both units have been renovated including mechanicals, electrical, and plumbing helps to ensure low maintenance costs. The interior updates harmonize seamlessly with the historic charm, offering strong tenant appeal. The 3 bay detached garage has a full width and length storage loft above with separate entrance. The net operating income is substantial and stable with minimal vacancy risk, makes it ideal for both new and seasoned investors seeking reliable cash flow and long-term appreciation. 24 hour prior notice needed – Tenants in Possession. Brokers and Agents: Please vet your buyers prior to scheduling a showing to make sure they are serious, and qualified buyers to minimize disruption to the tenants. Income and Expense summary is available. Thank you for your cooperation. Peter