36-38 Concord St, Norwalk, CT 06854

Property Description

Welcome to 36-38 Concord St in South Norwalk, a side by side LEGAL 2 Family Property in the Heart of SONO. Train Station & Charter School nearby. Great opportunity for owner occupied or strictly investment purposes. CD-3 Zone, do your due dilligence for potentials. Three level living on each side . Main levels include large family room areas, EIK, spacious bedroom and half bath. Plenty of cabinet/closet/storage space. Each unit has private deck off of the rear kitchen door. Both units clean, light & bright! Upgrades throughout. Upstairs are 2/3 additional bedrooms along with a full bathroom. Interior/exterior access to lower levels. Each side includes tiled floors throughout, 2 additional rooms and a full bathroom. Mechanicals all NEWER and maintained. Current rents are $3,350/month each side and are Month to Month. Potential rents for each side are $4,000-4,250/month based on similar units rented in area. Current tenants prefer to stay but understand if not. Expenses of 18k/year include taxes, insurance and water. Tenant maintains lawn and grounds. Potential 4k/each unit- 96k/year - $18,652 expenses = 8.6% CAP! Upgrades include New roof(with warranty), new bathrooms with permits in both lower levels, new carpet in both units, freshly painted both units, new hot water heaters, kitchen exit steps painted for both, hatchway doors painted & MORE! Low maintenance property with vinyl siding, city water, city sewer & all tenants utilities separate (owner pays monthly water usage)