Price Reduced 3.07%

$790,000 ($385.74 per sqft)

Under Contract

Est. Mortgage $4,047/mo *

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Price History

$815,000
9/16/2024

$790,000
11/20/2024

18 Murray Street, Norwalk, (Wolfpit), CT, 06851

18 Murray Street, Norwalk, (Wolfpit), CT, 06851
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9 rooms

5 beds

2 Full baths

1900

Units on different Floors

2,048 sqft

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.

Status:

Under Contract

Town:

Norwalk

Type:

Multi-family

Laundry Remarks:

Basement Hook-Up(s)

Units:

2

Zoning:

CD-1M

Garage:

2-car Detached Garage, Off Street Parking

Heating:

Baseboard, Hot Water

Cooling:

None

Basement:

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

Parking:

1-car

Acreage:

0.29

Est. Taxes:

$10,314

Assessment

$437,180

Lot Description:

Treed,Level Lot,Sloping Lot

Elementary School:

Per Board of Ed

Middle School:

Per Board of Ed

High School:

Norwalk

Days on Market:

98

MLS #:

24046595

Community Info

School Info

Walk Score

Mass Transit

Yelp

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Listing courtesy of Michael Church, Michael Church Email: mchurch.realestate@gmail.com