36-38 Merwin Street, Norwalk, CT 06850 (MLS # 99185526)

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PRICE $925,000
BEDS 8
BATHS 5 baths
HOME SIZE 4,068 sq ft
LOT SIZE 6,969 sqft

Rare legal 5 family opportunity in trendy West Ave revitalized location. Two homes on one lot. #38 Merwin has two 1 bedroom units and #36 has three 2 bedroom units. All units totally renovated from A to Z in turn key condition. Fully leased with long term tenants. Nicely landscaped attractive corner lot. Separate utilities & central air plus washer and dryers facilities. Extremely low maintenance. Walk to everything, all major routes, trendy restaurants, newly opened palace theater. Pro forma capitalized at 6.5% return. Pro Forma Net Operating income - $73,203 Current Total monthly income: $7,420 / Current Total gross Income per year: $89,040 Actual Net Operating Income: $68,343 Total Expenses: per year $20,697

DAYS ON MARKET 164 LAST UPDATED 9/11/2017
YEAR BUILT 1930 COUNTY Fairfield
STATUS Active PROPERTY TYPE(S) Multi Family

SCHOOLS
Elementary School Per Board of Ed
High School Per Board of Ed

PRICE HISTORY
Prior to Aug 5, '17 $1,050,000
Aug 5, '17 - Aug 23, '17 $950,000
Aug 23, '17 - Today $925,000


ADDITIONAL DETAILS
AIR Central Air
AIR CONDITIONING Yes
AREA N/A
BASEMENT Storage, Unfinished, Yes
CONSTRUCTION Vinyl Siding
EXTERIOR None
GARAGE On Street Parking
HEAT Hot Air
LOT 6970 sq ft
LOTDESCRIPTION Corner Lot
SEWER Public Sewer Connected
UTILITIES Public Water Connected; Public Sewer Connected;
WATER Public Water Connected
WATERFRONT DESCRIPTION Beach Rights,River
ZONING D

ZESTIMATE
  36-38 Merwin Street, Norwalk, CT

RENT ZESTIMATE
  36-38 Merwin Street, Norwalk, CT

SATELLITE VIEW



 
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Listed with William Raveis Real Estate
GFC CMLS

The data relating to real estate for sale on this website comes in part from the GFC CMLS IDX Program. Real estate listings held by brokerage firms other than are marked with an “IDX Logo” (a little black house surrounding the letters “IDX”) and detailed information about those listings includes the name of the listing broker
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Information Deemed Reliable But Not Guaranteed.

Data last updated: 10/21/17 11:25 PM PDT

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