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Niels Pennings

niels@nielspennings.com +1(917) 583-2567

$ 815,000

Est. payment -/mo

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Active

18 Murray Street Norwalk, CT 06851

5 Beds

2 Baths

2,048 SqFt

UPDATED:

11/01/2024 07:10 PM

Key Details

Property Type Multi-Family

Sub Type 2 Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,048 sqft

Price per Sqft $397

MLS Listing ID 24046595

Style Units on different Floors

Bedrooms 5

Full Baths 2

Year Built 1900

Annual Tax Amount $10,314

Lot Size 0.290 Acres

Property Description

A 2-family investment property with 2,048 square feet and a freestanding 2-car garage on 0.29 acres. Located in the desirable Wolfpit neighborhood, this property is one of the few in the area zoned for multifamily use. It is fully leased, generating $5,638 in monthly gross rents, totaling $69,420 annually, with an estimated net operating income (NOI) of $49,726. The property benefits from assumable debt at a 4.125% fixed interest rate, offering a compelling investment opportunity in a high-interest rate environment. The property has undergone significant upgrades, including kitchen and bathroom renovations, landscaping, and improved pathways. The well-maintained units are occupied by high-income tenants and benefit from ample parking. Additional income is earned from leasing the garage partially. The property's location provides easy access to local favorites and cultural destinations. 18 Murray Street is ideal for both first-time and experienced investors looking to expand their portfolio with a turnkey asset.

Location

State CT

County Fairfield

Zoning CD-1M

Rooms

Basement Full, Unfinished, Storage, Interior Access, Walk-out, Concrete Floor

Interior

Heating Baseboard, Hot Water

Cooling None

Exterior

Garage Detached Garage, Off Street Parking

Garage Spaces 2.0

Waterfront Description Beach Rights

Roof Type Asphalt Shingle

Building

Lot Description Treed, Level Lot, Sloping Lot

Foundation Concrete, Stone

Sewer Public Sewer Connected

Water Public Water Connected

Schools

Elementary Schools Per Board Of Ed

Middle Schools Per Board Of Ed

High Schools Norwalk

Listed by Michael Church • Michael Church

Niels Pennings

Real Estate Advisor | RES.RES.0814910

+1(917) 583-2567

Niels Pennings

18 Murray Street Norwalk, CT 06851

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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18 Murray Street