About This Home
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. Three income streams, $75,600 gross scheduled, 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 with finished walk-up attic space above. Street level: established salon on a lease at $1,550. Owner expenses of $23,404 (taxes, water, trash, insurance, 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. Month-to-month apartments give an incoming owner flexibility to reposition rents. 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.
Listed by Emilio Montero (475) 977-1707
with William Raveis Real Estate (203) 869-9263