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
Multi-familyProperty Type
1930Year Built
6,969 sq ftLot Size
$212Price/Sq.Ft.
Listed by Ann Rosati• William Raveis Real Estate
Bought with Suzanne Okie• Halstead Real Estate
Source:Smart MLS #99185526
Redfin Estimate
Unfortunately, we don't have enough data to generate an accurate Estimate at this time.
*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.
Public record
Public record
Zoning
Beds
—
Baths
—
Stories
—
Lot width
—
Lot depth
—
Lot size
6,970 Sq. Ft.
Year renovated
—
Sq. Ft.
—
Year built
—
Style
Other
County
Fairfield County
APN
229965
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Jul 13, 2023.
CD-3
General Urban Community District
The CD-3 General Urban Community District consists of a medium density area that has a mix of Building Types and primarily Residential, Lodging, Office, Commercial, Civic, and Institutional Uses; there are medium, narrow or no front Setbacks and narrow-to-medium side Setbacks; it has variable private landscaping; and it has streets with curbs, Sidewalks, and trees that define medium-sized blocks.
Permitted uses
Include but are not limited to:
Religious facility
Housing-Single unit
Housing-Multiple units
Housing-Senior
Hotel / motel
Public service
Park & open space
Property details
Parking
Garage Information
Garage & Parking: On Street Parking
Interior
Interior Information
Total Rooms: 20
Cooling System: Central Air
Bathroom Information
# of Baths (Full): 5
Bedroom Information
Beds Total: 8
Room Information
Basement Description: Storage, Unfinished
Has Attic
Attic Description: Access Via Hatch
Exterior
Exterior Features
Roof Information: Asphalt Shingle
Exterior Siding: Vinyl Siding
Lot Information
Lot Description: Corner Lot
Building Information
Foundation Type: Masonry
Construction Description: Frame
Color: yellow/taupe
Property Information
Waterfront Description: Beach Rights, River
Property Type: Multi-Family For Sale
Property Sub Type: 5 Family+
Financial
Assessments Information
Assessed Value: $318,250
Utilities
Utility Information
Water Source: Public Water Connected
Sewage System: Public Sewer Connected
Heat Type: Hot Air
Heat Fuel Type: Natural Gas
Location
Multi-Unit Information
Unit Count: 5
Total Unit Count: 5
Total Rooms Multi Family: 20
Total Number of Units: 5
HOA Information
Association Amenities: Medical Facilities, Playground/Tot Lot
School Information
Middle Jr High School: Per Board of Ed
High School: Per Board of Ed
Elementary School: Per Board of Ed
Location Information
State: Connecticut
Nearby Amenities: Library, Medical Facilities, Playground/Tot Lot, Public Transportation, Shopping/Mall
Directions: West Ave or Butler St to Merwin St
County: Fairfield
Public facts
Beds: —
Baths: —
Sq. Ft.: —
Stories: —
Lot Size: 6,970 square feet
Style: Other
Year Built: —
Year Renovated: —
County: Fairfield County
APN: 229965
Home facts updated by county records on Jul 13, 2023
Other
Documents & Disclosures
Supplement Count Public: 2
Around this home
Schools
Tracey School
Public PreK-5 • Assigned • 0.8mi
5/10
West Rocks Middle School
Public 6-8 • Assigned • 1.5mi
5/10
Norwalk High School
Public 9-12 • Assigned • 1.4mi
3/10
Provided by GreatSchools
Lifestyle
Provided by Walk Score and Local Logic
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
1/10 Fire Factor
Unlikely to be in a wildfire in next 30 years
6/10 Heat Factor
7 days above 99° expected this year, 17 days in 30 years
6/10 Wind Factor
75% chance of strong winds in next 30 years
8/10 Air Factor
13 unhealthy days expected this year, 18 days in 30 years
Provided by First Street
Historical weather
Norwalk, CT • 06850
Average low and high temperatures (°F)
36
22
38
23
53
34
62
44
70
52
82
62
88
69
82
62
77
58
67
48
55
38
41
26
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
Try the sun simulator tool to see how light moves across the property at different times of day and year.
Provided by Shadowmap
Work with an experienced agent and save on fees. 3 minutes to get started.
Get a free, detailed breakdown of how we calculated your estimate.