USACTNorwalkSono7 Grove St
7 Grove St | Image 1

$1,450,000

Sold

2 years ago

7 Grove St, Norwalk, CT

MLS® 170623992

12 Bed

5 Bath

3850 sqft

4 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 3850 sqft
Garage No
Taxes $15,236
Lot Size 0.13 acres
Approx. Age 1925
Avg. Price Per Sqft $376
MLS® Number 170623992

Property Address: 7 Grove St, Norwalk, CT, 06854-4441

Average square foot calculated using Size range provided by listing agent.

Description

HIGHEST & BEST BY 12PM NOON SUNDAY FEB.25TH! Location, 7.38% cap rate, easily managed and RARE five unit multifamily within walking distance to downtown SONO make this an investors dream. 7 Grove features two separate buildings on one parcel comprising a total of 12 bedrooms and 5 bathrooms on track to bring in a gross income of $144K+, per year. The front building features three 2 bedroom/1 bath units while the rear building has two 3 bedroom/1 bath units; 100% leased. Units 1 & 3 are currently rented below market value. 7 Grove boasts major recent improvements: In 2016 all units were updated with modern amenities including new cabinets, countertops, appliances, flooring and central heating/cooling! In 2020, both buildings received updated roofs and gutters. In 2021, both buildings had chimneys completely rebuilt. In 2022, new vinyl siding was added to the front building along with a replaced front porch and back staircase.. In 2023, steel fire doors were replaced throughout to insure compliance with local code. All units have separate meters (gas & electric w/ owners meter), hot water and cooling/heating.The front building has a walkout basement with laundry hookups to make adding a coin operated common washer/dryer space to this property a breeze. HVAC and water heaters replaced in 2015/16. The heavy lifting is done at 7 Grove so you can hit the ground running with this rare 5 unit investment property. Sellers require flexible closing timeline.
MLS® Number170623992
Laundry LevelBasement Hook-Up(s), Common Laundry Area, Hookups in front house walkout basement
Central VacNo
FireplaceNo
Acreage0.13
Exterior
GarageNo
Approx. Age1925
BasementFull With Walk-Out, Unfinished, Concrete Floor, Storage
DrivewayDriveway, Paved, Off Street Parking
Garage Spaces0
Heat
A/C
Heating Fuel

Extras

Price History

Mar 15, 2024End Date
$1,475,000Sold Price

Sold

Feb 14, 2024List Date
$1,450,000List Price
  • Commute

Commute

Starting Address
Destination Address
7 Grove St, Norwalk, CT

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