BUY A FORECLOSURE IN DANBURY, CT!
Great opportunity to buy a foreclosure in Danbury, CT at a phenomenal price of $425,000. Why is this property still on the market?!! The beauty of this offering is that it’s actually two homes on nearly 2 acres - one grand main house circa 1940, which has 4 Bedrooms, 4.5 Baths, over 3,000 square feet and overlooks a posh local golf, swim and tennis club, the Ridgewood Country Club. This foreclosure property presents an additional business opportunity to own a rental property - there is another home in the rear of the lot, which has two apartments, three detached garages and its own driveway.
To buy a foreclosure often means the home might need work and this is no exception - the main house could use some TLC and sprucing up. At the current offer price to buy this foreclosure, there is room to maneuver - the last time this property changed hands, it was at $880,000. The apartments are in good rentable condition, one offers 2 bedrooms and could be rented for about $900/month; the other is a 1 Bedroom apartment, which could fetch $700/month as a rental, for a gross annual cash flow of $19,200, at a time when the
rental market is fairly brisk in our area.
“But that’s not all, folks” - buy a foreclosure and get three in one! There is also an additional build-able lot on the property of .93 acres. The septic plan for this lot is available and the
building permit is ready to be filed.
To buy a foreclosure, or at least this particular one, should prove far easier than buying a short sale. This property is bank-owned and vacant, the broker can negotiate with the bank directly, without intermediaries; you can buy this foreclosure and take possession very quickly.
The location is convenient for commuting, offers easy access to area amenities and is close to main roads. In fact, the property abuts the highway, I-84. To see additional details, please visit the listing page:
For area information or to browse more properties for sale, visit www.candlewoodgreenbroker.com. If you would like additional information on how to buy a foreclosure and what form of financing you might be able to obtain to buy a foreclosure, call me at 203-746-2909.