995,000

House for sale Norwalk
Property photo number 1 of 16 Photos for Property. File  105426482_29_d5148398a1b0c10add05916acdb6f438.jpeg

Overview

SUMMARY: Discover an opportunity with this Norwalk house for sale and available for 995,000. This could be your next ideal home or a smart investment. More details await.
Also listed as Commercial-Investment, MLS# 24205138. Perfect for investors, 1031 buyers, or an owner-occupant with a business: two apartments plus a street-level salon in East Norwalk, a five-minute walk to the East Norwalk train station, Veterans Park and the harbor. Owner collects
$90,000 a year: $75,600 from the two apartments and the salon plus $14,400 from the finished attic level, and every tenant pays their own heat and electric (4 electric meters, 3 gas). First floor: a true 3-bedroom, 1-bath at $2,200, month-to-month; comparable 3-bedroom units nearby have leased at $2,800-$3,200, so the new owner sets the rent. Second floor: 3-bedroom, 1-bath at $2,550, month-to-month. Finished walk-up attic level above it, occupied month-to-month at $1,200; a new owner could re-lease the second floor and attic together as one two-story apartment at about $3,750. Street level: established salon on a lease at $1,550. Owner expenses of $26,033 (taxes, insurance, water, trash, maintenance). Roof approximately four years old, 11 hardwired smoke/CO detectors, full basement with laundry hookups, two off-street parking spaces at the front plus on-street parking. Priced at $314 per square foot against this year's closed Norwalk multifamily sales. Sold as-is. Operating statement, rent roll and floor plans on request. Showings by appointment; tenant-occupied. Also listed as Commercial-Investment, MLS# 24205138. Sold as two residential units and one commercial unit. The finished attic level is not a separate permitted dwelling unit and is not counted in the unit total or in Gross Annual Income; buyer to verify with the City of Norwalk. Rear area is a yard with no street access; not offered as parking. Assessor land use 013 Mixed Use (primary residential and commercial); most buyers use portfolio, DSCR or commercial loans. Survey Map #8948 on file. Built before 1978; lead-based paint disclosure provided. First-floor delivery terms negotiable.
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Details

  • Beds: 6
  • Baths: 2
  • Price: 995,000
  • Area: 3,169 sqft

Location

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