12 Fort Point Street

retail

12 Fort Point Street

Norwalk, Connecticut 6855

Price

$995,000

Price/SF

$313.98/SF

Building Size

3,169 SF

Lot Size

0.13 acres

Year Built

1925

NOI

$49,567

Units

3

Property Description

Also listed as Multi-Family, MLS# 24205081. Perfect for investors, 1031 buyers, or an owner-occupant with a business: two apartments plus a street-level salon in East Norwalk, a five-minute walk to the East Norwalk train station, Veterans Park and the harbor. Owner collects $90,000 a year: $75,600 from the two apartments and the salon plus $14,400 from the finished attic level, and every tenant pays their own heat and electric (4 electric meters, 3 gas). First floor: a true 3-bedroom, 1-bath at $2,200, month-to-month; comparable 3-bedroom units nearby have leased at $2,800-$3,200, so the new owner sets the rent. Second floor: 3-bedroom, 1-bath at $2,550, month-to-month. Finished walk-up attic level above it, occupied month-to-month at $1,200; a new owner could re-lease the second floor and attic together as one two-story apartment at about $3,750. Street level: established salon, approximately 813 square feet, on a lease at $1,550. Owner expenses of $26,033 (taxes, insurance, water, trash, maintenance). Roof approximately four years old, 11 hardwired smoke/CO detectors, full basement with laundry hookups, two off-street parking spaces at the front plus on-street parking. Priced at $314 per square foot against this year's closed Norwalk multifamily sales. Sold as-is. Operating statement, rent roll and floor plans on request. Showings by appointment; tenant-occupied.

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Additional Details

Zoning

CD-3

MLS Number

24205138

Property ID

e4fe0e95-4ffb-48c1-af6d-a6db3b60ce9b

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MLS Information

MLS#: 24205138

Listed by: William Raveis Real Estate

Agent: Emilio Montero • (475) 977-1707 • emiliom0nt3r0@gmail.com

This property information is provided by SmartMLS. Data may be subject to change. All information should be independently verified.

The data relating to real estate for sale on this website comes in part from the Internet Data Exchange (IDX) Program of SmartMLS. Real estate listings held by brokerage firms other than Great River Commercial are marked with the IDX logo.