I am pleased to announce to the sale of 62 Franklin Street in Danbury,CT This property can continue it's history as a mixed use property (subject to city restrictions) or be converted into a 3 family apartment house. With 3400 square feet, this grand home will benefit from renovation, as the first floor has to be put back together after a pipe damage the 3rd floor was last renovated in the mid 1980s, and the 2nd floor is in generally acceptable shape will benefit from fresh paint and some improvements. Main level unit offers central air, a 2 car garage plus good parking, public water/sewer, natural gas heat for 2 of the apartments and is centrally located between downtown Danbury and the west side. Due to particulars, this has been the most difficult property I had to represent, but we were very fortunate to secure multiple offers and negotiated an over list price sale with few contingencies. Home was sold in 'as is' condition, with each apartment needing work. Buyer was to perform their diligence with city hall etc.
Selling a challenging specialty property can be challenging. But with the right approach and team effort, it can be done We had a wide range of offers all over the map, which was interesting due to the property's condition. The home could only be sold to a buyer able to do a cash purchase or construction loan, or potential owner offered financing-no conventional financing. The property sold for $690,000, $15,000 above the listed price with no concessions or repairs negotiated. This property did sell in July of 2024.
This is property was listed for sale with Jonathan Hall and Patricia Kelly with William Pitt Sotheby's International Realty, CT licensed real estate agents brokered with William Pitt Sotheby's International Realty . Please reach out to Jonathan at c)203-417-0523 or jhall@wpsir.com.
Contact for current availabilty and pricing details for homes in the city center region of Danbury,CT or investment opportunities. Both buyer and seller leads are welcome.
Post last updated 7/17/2024
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