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36-38 Merwin Street, Norwalk, CT 06850

8 Bed, 5 Bath Multi-Family Home For Sale

36-38 Merwin Street, Norwalk, CT 06850 House For Sale - MLS #H99185526
Off the Market
$925,000
8
5
Multi-Family
5+ Family
5
This listing is courtesy of William Raveis Real Estate

Property Description for 36-38 Merwin Street, Norwalk, CT 06850

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

Interior Details

4,068 sq. ft.
$227.38/sq. ft.
Public Sewer
Public Water

Exterior Details

0.16 acres
6,970 sq. ft.
On Street Parking
Frame
Masonry

Other Details

H99185526
1930
Medical Facilities; Playground/Tot Lot; Library; Public Transportation; Shopping/Mall
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Monthly Mortgage Payments

$4,202
$5,852

Town Description

The foreign nation in which the most residents of Norwalk were born was Colombia, the birthplace of 2.8% of Norwalk's total population and 14% of its foreign-born population.[4] There were 32,711...

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