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Multi Family Home Sold

36 38 Merwin Street, Norwalk, CT

Listing History


11 May 2017 First listed $ 1,125,000
21 May 2018 Clo $ 862,500

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Sold on 19 Mar 2018 $ 862,500 See listingListing history
BedroomsBeds
8
BathroomsBaths
5
AreaSq feet
4,068 sq ft
LotAcres
0.16 acres
Year built
1930
Map of Multi Family Home on 36 38 Merwin Street,Norwalk, CT
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Page Contents

About the Home

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

Livable Area

  • Total area 4,068 sq feet
  • Above grade 4,068 sq feet

Rooms

  • Bedroooms 8
  • Full bathrooms 5

Heating

  • Heating system Hot Air
  • Heat fuel type Natural Gas
  • Fuel tank location Non Applicable

Cooling

  • Central Air

Basement

  • Storage
  • Unfinished

Construction Details

Type and Style

  • Home type five+ multi-family
  • Architectural style

Condition

  • Year built 1930
  • New construction No/Resale

Construction Info

  • Construction Frame
  • Exterior Siding Vinyl Siding
  • Foundation Masonry
  • Roof Asphalt Shingle

Property Details

Parking and Garage

  • Garage spaces 0
  • On Street Parking

Swimming Pool

  • NO

Amenities

  • Library
  • Medical Facilities
  • Playground/Tot Lot
  • Public Transportation
  • Shopping/Mall

Association Amenities

  • Medical Facilities
  • Playground/Tot Lot

Waterfront

  • Beach Rights
  • River

Lot Details

  • Lot surface 0.16 acres
  • Description Corner Lot
  • Zoning D

Exterior Features

  • None

Utilities

  • Water Public Water Connected
  • Sewage system Public Sewer Connected

HOA and Financial Info

  • Current price $ 862,500
  • Tax amount $ 9,747
  • Tax year July 2017-June 2018

MLS Details

  • MLS ID 99185526
  • Listing date on 11 May 2017
  • Status Closed
Courtesy of William Raveis Real Estate

Local Information

Town

Norwalk, CT

This town offers affordable homes, as well as luxury homes, many of which feature waterfront views. With a variety of vibrant neighborhoods, there is always something to do.

This home is 82% above the town's $ 475K avg price
More about the town
County

Fairfield County

Fairfield County is one of the wealthiest communities in Connecticut. Contact Dagny's Real Estate if you are looking to buy a home in Fairfield County CT.

This home is 58% above the county's $ 547K avg price
More about the county

Photos of the Multi Family Home

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