36 Merwin St

Norwalk, CT 06850

$862,500
Last Sold Price
8
Beds
4,068 Sq. Ft.
$212 / Sq. Ft.
4,068
Sq. Ft.
$212
per Sq. Ft.
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Closed 3/19/18
Closed 3/19/18

Description

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...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
  1. Listed by Ann Rosati • William Raveis Real Estate
    P: (203)-515-8022 C: (203)-515-8022 ann.rosati@raveis.com

Property Details for 36 Merwin Street

Basement Description
Storage, Unfinished
Direct Waterfront
No
Garages Number
0
Neighborhood
N/A
Garage Parking Info
On Street Parking
Swimming Pool
No
LISTING CLOSED: 03/19/2018 12:00 AM

Property Details for 36 Merwin Street

StatusClosed
MLS #99185526
Days on Market203
Taxes$9,747 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1930
Lot Size0.16 AC / 6,969 SF
CountyFairfield County
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Location

Listing Courtesy of William Raveis Real Estate, Ann Rosati

Sold By Halstead Real Estate, Suzanne Okie

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Building Information for 36 Merwin Street

Stories-Residences5Year Built1930Building Size-Lot Size0.16 AC / 6,969 SF

Payment Calculator

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$5,110 per month

30 year fixed, 6.36% Interest

Principal and Interest

$4,298

Property Taxes

$812

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 36 Merwin Street

Summary
Property and Location
  • Acres Source: Public Records
  • Association Amenities: Medical Facilities, Playground/Tot Lot
  • Directions: West Ave or Butler St to Merwin St
  • Elementary School: Per Board of Ed
  • High School: Per Board of Ed
  • Latitude: 41.112385
  • Longitude: -73.412475
  • Middle Jr High School: Per Board of Ed
  • Neighborhood Amenities: Library, Medical Facilities, Playground/Tot Lot, Public Transportation, Shopping/Mall
  • State: Connecticut
  • Street No Extension: 38
HOA and Fees
  • Tax Year: July 2017-June 2018
  • Property Tax: $9,747
Virtual Tour
  • Virtual Tour: No
Interior and Exterior Features
Exterior Features
  • Exterior Features: None
  • Waterfront Description: Beach Rights, River
Interior Features
  • Attic Description: Access Via Hatch
  • Cooling System: Central Air
  • Heat Type: Hot Air
  • Attic YN: Yes
  • Fireplaces Total: 0
  • Room Count: 0
  • Rooms Total: 20
Property
Property and Assessments
  • Color: yellow/taupe
  • Construction Description: Frame
  • Exterior Siding: Vinyl Siding
  • Foundation Type: Masonry
  • Fuel Tank Location: Non Applicable
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle
  • Year Built: 1930
  • Year Built Source: Public Records
  • Bank Owned Property: No
Lot Information
  • Lot Description: Corner Lot
  • Parcel Number: 229965
  • Sq Ft Est Heated Above Grade: 4068.0
  • Sq Ft Total: 4068.0
  • Zoning: D
Utilities
  • Heat Fuel Type: Natural Gas
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 20697
  • Gross Annual Income: 89040
  • Net Operating Income: $68,343
  • Occupied By: Tenant
  • Total Number of Units: 5
  • Total Rooms Multi Family: 20
  • Total Unit Count: 5
Building Details
  • Unit Count: 5
Unit 1
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator,Wall Oven
  • Unit Average Sq Ft: 924
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 07-31-2017
  • Unit Num Bedrms: 2
  • Unit Number Of: 3
  • Unit Num Rooms: 4
  • Unit Num Vacant: 0
  • Unit Occupied By: Tenant
  • Unit Type: 2 Bedrooms
Unit 2
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator,Wall Oven
  • Unit Entry Order: 4
  • Unit Full Baths: 1
  • Unit Modified Date: 07-31-2017
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 3
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator,Wall Oven
  • Unit Entry Order: 5
  • Unit Full Baths: 1
  • Unit Modified Date: 07-31-2017
  • Unit Num Bedrms: 1
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant
Unit 4
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator,Wall Oven
  • Unit Average Sq Ft: 888
  • Unit Entry Order: 2
  • Unit Full Baths: 1
  • Unit Half Baths: 0
  • Unit Modified Date: 07-31-2017
  • Unit Num Bedrms: 2
  • Unit Number Of: 2
  • Unit Num Rooms: 4
  • Unit Num Vacant: 0
  • Unit Occupied By: Tenant
  • Unit Type: 1 Bedroom
Unit 5
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator,Wall Oven
  • Unit Entry Order: 3
  • Unit Full Baths: 1
  • Unit Modified Date: 07-31-2017
  • Unit Num Bedrms: 2
  • Unit Num Rooms: 4
  • Unit Occupied By: Tenant

Schools near 36 Merwin Street

This home is within Norwalk School District.
Rating
School
Type
Grades
Distance
Tracey School
Public - PK to 5
West Rocks Middle School
Public - 6 to 8
Norwalk High School
Public - 9 to 12
South Norwalk Elementary School
Public - PK to 5
Rating
School
Distance
Tracey School
PublicPK to 5

West Rocks Middle School
Public6 to 8

Norwalk High School
Public9 to 12

South Norwalk Elementary School
PublicPK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of William Raveis Real Estate, Ann Rosati

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.