36 Merwin StreetNorwalk, CT 06850MLS Number 99185445

  • Price: $1,050,000
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Federal 30-year interest rate: 4.03% last updated on Apr 27, 2017
* All Figures are estimates. Check with your bank or proposed mortgage company for actual interest rates.
This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.
  • 0.16Acreage
  • 1930Year Built
  • 4,086Square Feet
  • $20,697Gross annual expense

Driving Directions

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

Listed by Ann Rosati of William Raveis Real Estate

More Info

Basic Information

  • Broker NameWilliam Raveis Real Estate
  • List Price$1,050,000
  • MLS Number99185445
  • Property TypeCommercial For Sale
  • StatusACT
  • TownNorwalk
  • Gross annual expense$20,697
  • Also for leaseNo

Exterior

  • Coloryellow/taupe

Utilities

  • Heat SystemHot Air
  • Heating FuelNatural Gas
  • Utilities availableCable Available, Electric, Gas
  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air
  • Septic approvalNo
  • Electric Amperage200
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

  • Assessed value$318,250
  • Taxes$9,747
  • Tax YearJuly 2017-June 2018
  • Milrate base22
  • Milrate tax district2
  • Milrate total25.44

Property

  • Acreage0.16
  • Lot DescriptionCorner Lot
  • Parking Spaces0
  • FloodzoneNo
  • Business includedNo
  • Road Frontage DescriptionMunicipal Street
  • SwimmingpoolNo

Water Body

  • WaterfrontNo

Other

  • Documents AvailableLead Disclosure
  • Lease purchaseNo
  • Purchase optionNo
  • Inventory includedNo
  • SubdividableNo
  • Net operating income68343
  • Space is leasedNo
  • Present useResidential 5 family units

Basic Information

  • Agent ID, d2630

Location

  • CountyFairfield
  • LocationDowntown, Historic Area, Highway Access, Park, Shopping Mall
  • StateCT
  • Zip06850

Building

  • FoundationMasonry
  • RoofAsphalt Shingle
  • Year Built1930
  • Building ConstructionFrame
  • AtticNo
  • Garages0
  • Garage Parking InfoOn Street Parking
  • Square Feet4,086
  • Sqft residential4086
  • Additional space availableNo

Auction

  • Bank owned propertyNo
Fairfield Office
Office: 203-259-8326
Vanderblue Team Office Headquarters
1499 Post Rd
Fairfield, CT 06824

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Information contained in this Smart MLS listing has been compiled from various sources, all of which may not be completely accurate. Smart MLS makes no warranty or representation as to the accuracy of listing information. All information that influences a decision to purchase a listed property should be independently verified by the purchaser. Copyright 2017 Smart MLS, Inc. All rights reserved.

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