2 Park St - Apartments FOR SALE


Norwalk, CT 06851- The Green
$1,850,000 USD
917-946-5425
2 Park St, Norwalk, CT for Sale
$1,850,000 USD
Apartments - FOR SALE
1/18
null | 6.62% Cap Rate

2 Park St
Norwalk, CT 06851
The Green


HIGHLIGHTS

  • Oversized Class A Apartments
  • Overlooking Norwalk Green
  • Enterprise Zone Tax Benefits

OVERVIEW

National Multifamily is pleased to present 2 Park Street, a fully renovated, high-end, 5-unit multifamily property located in the desirable Norwalk Green Historic District in Norwalk, CT. The property brings the best of both worlds for an investor and tenants with its historic charm on the outside and class A apartment renovations on the inside. In mint condition, the turn-key property is comprised of 5 units (4 oversized one bedrooms and 1 oversized loft studio) totaling 4,136 rentable square feet in one-three story building. The property was built in 1900 and fully renovated in 2017. Each apartment was meticulously and classically designed with top of the line finishes during the full renovation of the property in 2017. Units are oversized by all metrics with the one bedrooms ranging from 647 to 777 square feet and the loft studio at 742 square feet. All units have in-unit washer dryers and central air conditioning. Apartments are heated through individual gas-forced hot air systems and each unit has its own hot water heater in the basement. The property overlooks the Norwalk Green that is the heart of the Norwalk Green Historic District. In the summer the park hosts a concert series, over the holidays there is tree lighting and caroling, and a seasonal Farmer’s Market hosted by one of the two churches. Additionally, the property is walking distance to the recently revitalized Wall Street District. The building is set on a .22-acre site and has an off-street parking lot with 10 designated parking spaces. Fully landscaped with flagstone walkways and shrubbery, the irrigated property includes an outdoor patio area and built-in gas grill.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$447 USD /SF

# OF UNITS

5

PRICE/UNIT

$370,000

CAP RATE

6.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

-

APN/PARCEL ID

NORW-000001-000060-000006

ASK ABOUT THIS PROPERTY

Matt CawleyNational MultifamilyMore Info
917-946-5425

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Matt CawleyNational MultifamilyMore Info
917-946-5425

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.