multifamily
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 Commercial-Investment, MLS# 24205138. 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 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
24205081
Property ID
ee894c35-92a6-45da-9ce9-b7dd97fa6331
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MLS Information
MLS#: 24205081
Listed by: William Raveis Real Estate
Agent: Emilio Montero • (475) 977-1707 • emiliom0nt3r0@gmail.com
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