130 West Cedar Street, Norwalk CT 06854
Cash-Flowing, Two-Family in desirable Location
Status: SOLD on May 1, 2018 for $380,000
About This Property:
In a market void of multi-family properties, 130 West Cedar shines above any potential new inventory. Well-maintained by the same owner since 1975, this home has had most everything updated as needed. With two units, each with two bedrooms and one bath, the income potential is high. With rents that are well below market value, a new owner can increase the income of this property by tens of thousands of dollars each year. Conservatively, there is room to increase by $400-$600 per unit. There is a 2-car detached garage, a large back yard, and basement and attic space. The home is heated by gas.
Layout: Each Unit has two bedrooms and one bath. Hardwood floors throughout all 1,000 sq/ft of living space per unit. Both units have a washer, and one unit a dryer. Large basement with mechanicals and storage, and large attic up.
This investment property is listed by Joe and Chris Balestriere of William Raveis. Call 203.216.0670 to see it ASAP.
Get connected to us, start receiving property opportunities before other buyers and investors.