10 Downs Street, Unit 2Danbury, CT 06810MLS Number 170165005

  • Price: $799,000
  • Est. Mortgage of $/month
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Federal 30-year interest rate: 4.07% last updated on May 16, 2019
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.34Acreage
  • 4Bathroom
  • 1905Year Built
  • 5,220Square Feet

Driving Directions

Located entirely in new federally designated OPPORTUNITY ZONE, allows deferral +reduction on current capital gains taxes, and eventual tax-free sale of this asset!! Highly visible right off I-84 in central Danbury, CT. Package of two separately deeded multi-use commercial properties, #12 & #10 Downs. Allows full control of 15 car+ parking easy on/off to I-84 at Exit 5, I-84 East. Ideal pro offices + income production out of single family rented stone house. Top notch renovations with room to comply with O.Z. requirements. Has triple pane windows, 50 yr roof, mini-split air in #12. Long precedent for professional offices &/or stately residence in #12, + separate residence in the charming stone house. Mixed-Use possibilities galore! Owner/Broker's real estate company has thrived here since 1975. High profile, signature quality location with hard-to-find, carefree egress onto side street, seconds from the Interstate! Room to make further improvements to comply with Opportunity Zone guidelines, in order to take advantage of AMAZING, heretofore unheard of tax benefits.

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More Info

Basic Information

  • StatusSHOW
  • List Price$799,000
  • Square Feet5,220
  • HoaNo
  • Lease purchaseNo
  • Units2
  • Sale AgentK1166
  • Property subtypeOther
  • Sale OfficeCWB120
  • Property TypeMulti-Family For Sale
  • Acreage0.34
  • MLS Number170165005

Interior

  • Rooms total multifamily2
  • RoofAsphalt Shingle

Exterior

  • Exterior featuresGutters, Porch-Enclosed, Porch-Heated, Sidewalk
  • Exterior sidingStone, Steel Siding

Utilities

  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air, Heat Pump, Zoned
  • Hot water description40 Gallon Tank, Electric, Oil
  • Heating FuelElectric, Natural Gas, Oil
  • Fuel tank locationAbove Ground
  • Heat SystemBaseboard, Heat Pump, Hot Water, Steam
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected
  • Sewer usage fee annual500

Tax Information

  • Milrate total27.6
  • Taxes$10,811
  • Tax YearJuly 2018-June 2019
  • Assessed value$391,700

Building

  • Bathroom4
  • Year Built1905
  • Property StyleOther
  • Energy FeaturesThermopane Windows
  • FoundationConcrete, Stone
  • Garage Parking InfoAttached Garage, Unpaved, Parking Lot
  • New construction typeNo
  • AtticYes
  • Attic descriptionWalk-up, Partially Finished, Floored
  • BasementFull With Walk-Out, Partially Finished, Heated, Interior Access, Liveable Space, Sump Pump
  • Full Bath2
  • Half Bath2

Amenities

  • Amenities
    • Golf Course
    • Medical Facilities
    • Park
    • Private School(s)
    • Public Transportation
    • Walk to Bus Lines

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolDanbury

Location

  • StateCT
  • Zip06810
  • CountyFairfield
  • Middle Junior High SchoolPer Board of Ed

Property

  • Lot DescriptionCorner Lot, Level Lot, Sloping Lot, Treed
  • Driveway TypePrivate, Shared, Paved, Gravel
  • Garage1
  • Parking spaces per 1000sqft
  • Parking spaces uncovered
  • Parking Spaces
  • Parking spaces covered
  • FloodzoneNo
  • SwimmingpoolNo
  • Building ConstructionFrame, Stone

Water Body

  • Waterfront DescriptionNot Applicable
  • WaterfrontNo

Auction

  • Bank owned propertyNo

Other

  • Radon mitigation airNo
  • Radon mitigation waterNo
  • Space is leasedNo
  • Remarks addendumASK ABOUT NEW FEDERALLY CERTIFIED OPPORTUNITY ZONE, which includes the entirety of this listing. Qualifies as haven to defer/reduce pay of capital gains from any sort of recent sale, plus potential elimination of capital gains taxes on re-sale ten years later!! Call Owner/Broker for details. Downs Street is a state maintained road that serves as the focal access to central Danbury off I-84. Combination of both #12 & #10 Downs is known as Stone House Commons. Rare to find such a high profile, FULL COMMERCIAL location, mere 500 feet removed from the Interstate, with ample parking that offers its own rare egress onto the little traveled side street, Smith Street, as well as directly onto the heavily traveled Downs Street. Consequently, NEVER A HASSLE to get in and out of this location! Multiple possibilities for both properties, to include proven combination of professional offices with income production from the stone house. Total of four fireplaces. Attractive old world built-ins & thick moldings + two-way staircase in #12. Architecturally pleasing old world details. ROOM FOR FURTHER UPGRADES TO COMPLY w/fed tax haven requirements for Opportunity Zone.
  • View Count150
The Matthews Group
The Matthews Group
Office: 860.868.0511
4 Green Hill Road
Washington Depot, CT 06794
Listing Courtesy of Paul Valeri, Realtors

Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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