36 Merwin StreetNorwalk, CT 06850MLS Number 99185526

  • Price: $1,050,000
  • Est. Mortgage of $/month
$
$
%
$/month over payments
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.
  • 8Bedrooms
  • 0.16Acreage
  • 5Bathroom
  • 1930Year Built

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 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

Listed by Ann Rosati of William Raveis Real Estate

More Info

Basic Information

  • StatusACT
  • List Price$1,050,000
  • Square Feet4,068
  • HoaNo
  • Lease purchaseNo
  • Units5
  • Total unit count5
  • Net operating income68343
  • Property subtype4 Family+
  • Property TypeMulti-Family For Sale
  • Acreage0.16
  • MLS Number99185526

Interior

  • Rooms total multifamily20
  • RoofAsphalt Shingle

Utilities

  • Water sourcePublic Water Connected
  • Cooling SystemCentral Air
  • Heating FuelNatural Gas
  • Fuel tank locationNon Applicable
  • Heat SystemHot Air
  • Septic approvalNo
  • Septic plan availableNo
  • Sewage systemPublic Sewer Connected

Tax Information

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

Property

  • Lot DescriptionCorner Lot
  • Garage0
  • Parking Spaces0
  • FloodzoneNo
  • SwimmingpoolNo
  • Building ConstructionFrame

Exterior

  • Coloryellow/taupe
  • Exterior featuresNone
  • Exterior sidingVinyl Siding

Water Body

  • Waterfront DescriptionBeach Rights, River
  • WaterfrontNo

School Information

  • Elementary SchoolPer Board of Ed
  • High SchoolPer Board of Ed

Location

  • StateCT
  • Zip06850
  • CountyFairfield

Building

  • Bedrooms8
  • Bathroom5
  • Year Built1930
  • FoundationMasonry
  • Garage Parking InfoOn Street Parking
  • New construction typeNo
  • AtticYes
  • Attic descriptionAccess Via Hatch
  • BasementStorage, Unfinished

Amenities

  • AmenitiesLibrary, Medical Facilities, Playground/Tot Lot, Public Transportation, Shopping/Mall
  • Association amenitiesMedical Facilities, Playground/Tot Lot

Auction

  • Bank owned propertyNo

Other

  • Radon mitigation airNo
  • Radon mitigation waterNo
  • Space is leasedNo
  • View Count1
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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