18 Murray Street Norwalk, CT 06851
Listing Courtesy of: SMART MLS / Michael Church / Michael Church

  18 Murray Street Norwalk, CT 06851

Active (69 Days)
$790,000
5
BED
2
BATH
2,048
SQFT

Description

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.

MLS #:
24046595
Taxes
$10,314(2024)
Lot Size
0.29 acres
Type
Multifamily
Year Built
1900
Style
Units on Different Floors
County
Fairfield County
Community
Wolfpit

Listed By

Michael Church, Michael Church
Source
SMART MLS
Last checked Nov 24 2024 at 5:49 PM GMT+0000
Bathroom Details
  • Full Bathrooms: 2
Lot Information
  • Sloping Lot
  • Level Lot
  • Treed
Property Features
  • Foundation: Stone
  • Foundation: Concrete
Heating and Cooling
  • Hot Water
  • Baseboard
  • None
Basement Information
  • Walk-Out
  • Unfinished
  • Storage
  • Interior Access
  • Full
  • Concrete Floor
Exterior Features
  • Asbestos
  • Roof: Asphalt Shingle
Utility Information
  • Sewer: Public Sewer Connected
  • Fuel: Propane, Oil, Electric
School Information
  • Elementary School: Per Board of Ed
  • Middle School: Per Board of Ed
  • High School: Norwalk
Garage
  • Off Street Parking
  • Detached Garage
Location
   
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